{"id":57281,"date":"2023-05-08T14:20:00","date_gmt":"2023-05-08T08:50:00","guid":{"rendered":"https:\/\/www.kopykitab.com\/blog\/?p=57281"},"modified":"2025-07-12T12:17:59","modified_gmt":"2025-07-12T06:47:59","slug":"ncert-solutions-for-class-12-accountancy-part-1-chapter-1-accounting-for-non-profit-organizations","status":"publish","type":"post","link":"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-1-accounting-for-non-profit-organizations\/","title":{"rendered":"NCERT Solutions for Class 12 Accountancy Part 1 Chapter 1 Accounting for Non-Profit Organizations"},"content":{"rendered":"\n<p><strong>NCERT Solutions for Class 12 Accountancy Part 1 Chapter 1 Accounting for Non-Profit Organizations:&nbsp;<\/strong>The first chapter for <a href=\"https:\/\/www.kopykitab.com\/blog\/cbse-class-12-accountancy\/\"><strong>Accounting for CBSE class 12<\/strong><\/a> is Accounting for Non-Profit Organizations. It covers all the concepts related to the accounting of not-for-profit organizations. The chapter begins with the characteristics of a non-profit organization. The various areas that non-profit organizations serve include education, healthcare, entertainment, sports, and the like. As the <a href=\"https:\/\/www.kopykitab.com\/blog\/cbse-class-12-board-exam\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>CBSE<\/strong> <strong>Class<\/strong> <strong>12<\/strong> <strong>Board<\/strong> <strong>Exam<\/strong><\/a> students have already acquainted themselves with accounting fundamentals in the 11<sup>th<\/sup> grade, the chapter is a continuation of what they have learned.<\/p>\n<ul>\n<li><strong>All you need to know about&nbsp;<a href=\"https:\/\/www.kopykitab.com\/blog\/cbse-class-12-accountancy-ncert-solutions\/\" target=\"_blank\" rel=\"noopener noreferrer\">NCERT Solutions for Class 12 Accountancy<\/a><\/strong><\/li>\n<\/ul>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_47_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69e9287d86ba9\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69e9287d86ba9\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-visibility-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-1-accounting-for-non-profit-organizations\/#ncert-solutions-for-class-12-accountancy-part-1-chapter-1-pdf-accounting-for-not-for-profit-organisations\" title=\"NCERT Solutions for Class 12 Accountancy Part 1 Chapter 1 PDF: Accounting for Not-for-Profit Organisations\">NCERT Solutions for Class 12 Accountancy Part 1 Chapter 1 PDF: Accounting for Not-for-Profit Organisations<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-1-accounting-for-non-profit-organizations\/#ncert-solutions-for-class-12-accountancy-not-for-profit-organisation-pdf\" title=\"NCERT Solutions for Class 12 Accountancy Not-for-Profit Organisation PDF\">NCERT Solutions for Class 12 Accountancy Not-for-Profit Organisation PDF<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-1-accounting-for-non-profit-organizations\/#ncert-solutions-for-class-12-accountancy-part-1-chapter-1-accounting-for-not-for-profit-organisation-overview\" title=\"NCERT Solutions for Class 12 Accountancy Part 1 Chapter 1 Accounting for Not-for-Profit Organisation: Overview\">NCERT Solutions for Class 12 Accountancy Part 1 Chapter 1 Accounting for Not-for-Profit Organisation: Overview<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-1-accounting-for-non-profit-organizations\/#marks-weightage-of-class-12-accounts-chapter-1\" title=\"Marks Weightage of Class 12 Accounts Chapter 1\">Marks Weightage of Class 12 Accounts Chapter 1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-1-accounting-for-non-profit-organizations\/#key-concepts-covered-in-ncert-solutions-for-class-12-accountancy-part-1-chapter-1\" title=\"Key Concepts Covered In NCERT Solutions for Class 12 Accountancy Part 1 Chapter 1\">Key Concepts Covered In NCERT Solutions for Class 12 Accountancy Part 1 Chapter 1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-1-accounting-for-non-profit-organizations\/#highly-important-links-for-cbse-class-12-accountancy\" title=\"Highly Important Links For CBSE Class 12 Accountancy\">Highly Important Links For CBSE Class 12 Accountancy<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-1-accounting-for-non-profit-organizations\/#benefits-of-ncert-solutions-for-class-12-accountancy-not-for-profit-organisation\" title=\"Benefits of NCERT Solutions for Class 12 Accountancy Not-for-Profit Organisation\">Benefits of NCERT Solutions for Class 12 Accountancy Not-for-Profit Organisation<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-1-accounting-for-non-profit-organizations\/#1-they-help-you-to-ace-the-board-exams\" title=\"1. They Help you to Ace the Board Exams\">1. They Help you to Ace the Board Exams<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-1-accounting-for-non-profit-organizations\/#2-they-are-accurate-and-get-straight-to-the-point\" title=\"2. They are Accurate and Get Straight to the Point\">2. They are Accurate and Get Straight to the Point<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-1-accounting-for-non-profit-organizations\/#3-they-are-free-of-cost\" title=\"3. They are Free of Cost\">3. They are Free of Cost<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-1-accounting-for-non-profit-organizations\/#4-help-with-homework\" title=\"4.&nbsp;Help with Homework\">4.&nbsp;Help with Homework<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-1-accounting-for-non-profit-organizations\/#faqs-on-ncert-solutions-for-class-12-accountancy-part-1-chapter-1\" title=\"FAQs on NCERT Solutions for Class 12 Accountancy Part 1 Chapter 1\">FAQs on NCERT Solutions for Class 12 Accountancy Part 1 Chapter 1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-1-accounting-for-non-profit-organizations\/#what-is-the-nature-of-receipts-and-payment-accounts\" title=\"What is the Nature of Receipts and Payment Accounts?\">What is the Nature of Receipts and Payment Accounts?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-1-accounting-for-non-profit-organizations\/#what-do-you-mean-by-income-and-expenditure-account\" title=\"What do you mean by Income and Expenditure Account?\">What do you mean by Income and Expenditure Account?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-1-accounting-for-non-profit-organizations\/#what-are-the-benefits-of-the-cbse-ncert-solutions-for-class-12-accountancy-part-1-chapter-1\" title=\"What are the benefits of the CBSE NCERT Solutions for Class 12 Accountancy Part 1 Chapter 1?\">What are the benefits of the CBSE NCERT Solutions for Class 12 Accountancy Part 1 Chapter 1?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-1-accounting-for-non-profit-organizations\/#is-it-possible-to-get-the-ncert-solutions-for-class-12-accountancy-part-1-chapter-1-for-free\" title=\"Is it possible to get the NCERT Solutions for Class 12 Accountancy Part 1 Chapter 1 for free?\">Is it possible to get the NCERT Solutions for Class 12 Accountancy Part 1 Chapter 1 for free?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-1-accounting-for-non-profit-organizations\/#what-does-it-mean-to-be-a-%e2%80%9cnot-for-profit%e2%80%9d-organization\" title=\"What does it mean to be a &#8220;not-for-profit&#8221; organization?\">What does it mean to be a &#8220;not-for-profit&#8221; organization?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"ncert-solutions-for-class-12-accountancy-part-1-chapter-1-pdf-accounting-for-not-for-profit-organisations\"><\/span><strong>NCERT Solutions for Class 12 Accountancy Part 1 Chapter 1 PDF: Accounting for Not-for-Profit Organisations<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"ncert-solutions-for-class-12-accountancy-not-for-profit-organisation-pdf\"><\/span><strong>NCERT Solutions for Class 12 Accountancy Not-for-Profit Organisation PDF<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: center;\"><a style=\"display: inline-block; width: auto; padding: 18px; cursor: pointer; font-weight: bold; border-radius: 40px; text-decoration-line: underline; color: #ffffff; background: #ff4500; box-shadow: rgba(0, 0, 0, 0.25) 0px 2px 6px 0px;\" href=\"https:\/\/www.kopykitab.com\/blog\/wp-content\/uploads\/2023\/05\/NCERT-Solutions-for-Class-12-Accountancy-Part-1-Chapter-1.pdf\" target=\"_blank\" rel=\"noopener\">Download Here<\/a><\/p>\n<p>NCERT Solutions for Chapter One in Accountancy are also available in PDF format, and students can download a copy for themselves. The solutions introduce the subject and a summary of the chapter, which you will find in the following section.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ncert-solutions-for-class-12-accountancy-part-1-chapter-1-accounting-for-not-for-profit-organisation-overview\"><\/span><strong>NCERT Solutions for Class 12 Accountancy Part 1 Chapter 1 Accounting for Not-for-Profit Organisation: Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Wills, donations, and membership fees form the primary sources of income for these organizations. Not-for-profit organizations raise funds with the help of various sources such as capital or general funds. However, they don&#8217;t distribute the surplus wealth that they generate among their members.<\/p>\n<p>The organization&#8217;s reputation, and not the wealth that they generate, matters the most to them. These organizations gain a reputation by contributing to society. Non-profit organizations also account for the wealth that they generate at the end of every year. They keep records of all the cash they receive and all the payments they make in a cash book. For instance, all the payments they receive, such as those for subscriptions, are entered on the cash book&#8217;s debit side. In contrast, any expenses they incur, such as rent, electricity, food, or even paying their employees, are entered into the cash book&#8217;s credit side.<\/p>\n<p>However, any cost they incur during the month, such as rent or electricity, comes in the bill payment section of their cashbooks. Also, while the payment accounts of these organizations show their cash in-flow, in terms of how much money they get from various sources, the actual bank balance they are left with at the end of the year shows the money they owe as loans or other such payments.&nbsp;In this way, the chapter tells students all about the accounting of the cash in-flow of non-profit organizations.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"marks-weightage-of-class-12-accounts-chapter-1\"><\/span><strong>Marks Weightage of Class 12 Accounts Chapter 1<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Unit 1 of Accountancy covers Chapter 1 of Accounts Class 12th. This unit is worth a total of 12 points.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"key-concepts-covered-in-ncert-solutions-for-class-12-accountancy-part-1-chapter-1\"><\/span><strong>Key Concepts Covered In NCERT Solutions for Class 12 Accountancy Part 1 Chapter 1<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Meaning and characteristics of Non-profit organization<\/li>\n<li>Accounting records of NPO<\/li>\n<li>Balance sheet<\/li>\n<li>Incidental trading activity<\/li>\n<li>Income and expenditure account based on the trial balance<\/li>\n<li>Income and Expenditure account<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"highly-important-links-for-cbse-class-12-accountancy\"><\/span><strong>Highly Important Links For CBSE Class 12 Accountancy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"content-box-orange\">\n<p><em><strong>NCERT books and solutions are available for download as PDFs. So, you can download them here, and start preparing for the exams:<\/strong><\/em><\/p>\n<ul>\n<li><a class=\"in-cell-link\" href=\"https:\/\/www.kopykitab.com\/blog\/cbse-class-12-accountancy-syllabus\/\" target=\"_blank\" rel=\"noopener noreferrer\">12th Accountancy Syllabus<\/a><\/li>\n<li><a class=\"in-cell-link\" href=\"https:\/\/www.kopykitab.com\/blog\/cbse-class-12-accountancy-sample-papers\/\" target=\"_blank\" rel=\"noopener noreferrer\">12th Accountancy Sample Papers<\/a><\/li>\n<li><a class=\"in-cell-link\" href=\"https:\/\/www.kopykitab.com\/blog\/cbse-class-12-accountancy-previous-year-papers\/\" target=\"_blank\" rel=\"noopener noreferrer\">12th Accountancy Previous year Papers<\/a><\/li>\n<li><a class=\"in-cell-link\" href=\"https:\/\/www.kopykitab.com\/blog\/cbse-class-12-accountancy-revision-notes\/\" target=\"_blank\" rel=\"noopener noreferrer\">12th Accountancy Revision Notes<\/a><\/li>\n<li><a class=\"in-cell-link\" href=\"https:\/\/www.kopykitab.com\/blog\/cbse-class-12-accountancy-ts-grewal-solutions\/\" target=\"_blank\" rel=\"noopener noreferrer\">TS Grewal Class 12 Accountancy Solutions<\/a><\/li>\n<\/ul>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"benefits-of-ncert-solutions-for-class-12-accountancy-not-for-profit-organisation\"><\/span><strong>Benefits of NCERT Solutions for Class 12 Accountancy Not-for-Profit Organisation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There are few benefits of studying NCERT solutions, which you will find in the following section.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1-they-help-you-to-ace-the-board-exams\"><\/span><strong>1. <\/strong><strong>They Help you to Ace the Board Exams<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>NCERT Solutions for Accountancy for CBSE class 12 consists of questions at the end of each chapter. And students can answer them so that they get enough practice for the exams.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2-they-are-accurate-and-get-straight-to-the-point\"><\/span><strong>2. <\/strong><strong>They are Accurate and Get Straight to the Point<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Chapter-wise solutions by NCERT, especially those for Accountancy, get straight to the point without beating around the bush. So, they come as handy tools for those students who want to focus on the subject.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3-they-are-free-of-cost\"><\/span><strong>3. <\/strong><strong>They are Free of Cost<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Chapter-wise solutions for Accountancy by NCERT are free to avail. So, students of CBSE class 12 can download them from various websites to start preparing for the exams.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4-help-with-homework\"><\/span><strong>4.&nbsp;<\/strong><strong>Help with Homework<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>NCERT Solutions for Accountancy also help students with their homework. When students do their homework and get stuck at some point along the way, they can always refer to the chapter-wise solutions by NCERT to get their doubts cleared.<\/p>\n<p>We have covered the detailed guide on <a href=\"http:\/\/cbseacademic.nic.in\/\" target=\"_blank\" rel=\"noopener\"><strong>CBSE<\/strong><\/a> NCERT Solutions for Class 12 Accountancy Part 1 Chapter 1. Feel free to ask any questions in the comment section below.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"faqs-on-ncert-solutions-for-class-12-accountancy-part-1-chapter-1\"><\/span><strong>FAQs on NCERT Solutions for Class 12 Accountancy Part 1 Chapter 1<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1623652086790\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"what-is-the-nature-of-receipts-and-payment-accounts\"><\/span>What is the Nature of Receipts and Payment Accounts?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Bank and cash transactions are summarised in receipts and payment accounts.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1623652175501\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"what-do-you-mean-by-income-and-expenditure-account\"><\/span>What do you mean by Income and Expenditure Account?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The income and expenditure account is thought to be the same as the profit and loss account. Both surpluses and deficits are calculated during the accounting period under this sort of account.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1623652241513\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"what-are-the-benefits-of-the-cbse-ncert-solutions-for-class-12-accountancy-part-1-chapter-1\"><\/span>What are the benefits of the CBSE NCERT Solutions for Class 12 Accountancy Part 1 Chapter 1?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Go through the above blog for the benefits of solving NCERT Solutions for Class 12 Accountancy Part 1 Chapter 1.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1623652300840\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"is-it-possible-to-get-the-ncert-solutions-for-class-12-accountancy-part-1-chapter-1-for-free\"><\/span>Is it possible to get the NCERT Solutions for Class 12 Accountancy Part 1 Chapter 1 for free?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Yes, students can get the NCERT Solutions for Class 12 Accountancy Part 1 Chapter 1 in PDF format for free from the above article.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1623652363826\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"what-does-it-mean-to-be-a-%e2%80%9cnot-for-profit%e2%80%9d-organization\"><\/span>What does it mean to be a &#8220;not-for-profit&#8221; organization?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Not-for-profit organizations are those that are formed solely for the purpose of offering various services to society without earning a profit.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>NCERT Solutions for Class 12 Accountancy Part 1 Chapter 1 Accounting for Non-Profit Organizations:&nbsp;The first chapter for Accounting for CBSE class 12 is Accounting for Non-Profit Organizations. It covers all the concepts related to the accounting of not-for-profit organizations. The chapter begins with the characteristics of a non-profit organization. The various areas that non-profit organizations &#8230; <a title=\"NCERT Solutions for Class 12 Accountancy Part 1 Chapter 1 Accounting for Non-Profit Organizations\" class=\"read-more\" href=\"https:\/\/www.kopykitab.com\/blog\/ncert-solutions-for-class-12-accountancy-part-1-chapter-1-accounting-for-non-profit-organizations\/\" aria-label=\"More on NCERT Solutions for Class 12 Accountancy Part 1 Chapter 1 Accounting for Non-Profit Organizations\">Read more<\/a><\/p>\n","protected":false},"author":238,"featured_media":57334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":""},"categories":[2934,2917,73693,73712,73413,2985,73410],"tags":[75091,3429,62019,75399,75092],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts\/57281"}],"collection":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/users\/238"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/comments?post=57281"}],"version-history":[{"count":5,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts\/57281\/revisions"}],"predecessor-version":[{"id":366493,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/posts\/57281\/revisions\/366493"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/media\/57334"}],"wp:attachment":[{"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/media?parent=57281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/categories?post=57281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kopykitab.com\/blog\/wp-json\/wp\/v2\/tags?post=57281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}