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Explain the term- Not-for-profit organisations
There are many organisations that don't exist mainly for the pursuit of profit. Instance include:
?charities
?clubs and associations
?universities
?local government authorities
?national government departments
?churches
?trade unions.
Such organisations also need to produce accounting information for decision making purposes. Different user groups need accounting information about these kinds of organisation to help them to make decisions. These groups are often the same as, or similar to, those recognized for private-sector businesses. They may have a stake in future viability of organisation and may use accounting information to check that wealth of the organisation is being properly controlled and employed in a way which is consistent with its objectives.
Question: The following information was extracted from the books of William Noel for the year ended 30 April 2009.
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how do I calculate the adjusting balance
with the following data for a 60 percent activity, prepare a flexible budget for production at 80 percent and 100 percent activity production at 60% activity - 6000 units
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