Not-for-Profit Accounting -- Financial Statements

Question 1

NFP Expenses classification

Answer 1

NFP Expenses are classified by function program services or support activities

Question 2

What are support activities

Answer 2

Support activities :
(1) management and general,
(2) fundraising, and
(3) membership development

Question 3

Classifications by natural expenses

Answer 3

salaries,
interest,
rent, and
depreciation).

Question 4

Fundraising expenses

Answer 4

maintaining donor lists 2)