Refresh or test your accounting knowledge on Income And Expenditure Accounts :
1.0 List three differences between the accounts of a non-trading organization and those of a business
2.0 List five sources of income for a non-trading organization
3.0 What is a receipts and payments account?
4.0 Describe two ways of accounting for income from life membership fees
5.0 The profit or loss on the sale of a fixed asset which has been subject to depreciation