(a) Explain the following terms used in not-for-profit making organizations. i. Accumulated fund ii. Subscription in arrears iii. Receipts and Payment Accou...
Question 1 Report
(a) Explain the following terms used in not-for-profit making organizations.
i. Accumulated fund
ii. Subscription in arrears
iii. Receipts and Payment Accounts
iv. Income and Expenditure Accounts
v. Entrance fees
(b) Distinguish between shares and debentures
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