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Contents & notes: what this topic covers
Under Accounts of Not-For-Profit-Making, the JAMB Principles of Accounts syllabus expects you to study:
- 11. Accounts of Not-For-Profit-Making Organizations a. Objectives b. Receipts and payments account c. Income and expenditure account d. Statement of financial position TOPICS/CONTENTS
Study notes & guidance
Study Accounts of Not-For-Profit-Making using a recommended Principles of Accounts textbook that follows the JAMB syllabus. Work through the contents listed above one by one, make brief notes in your own words, and then practise as many questions on this topic as you can — in Principles of Accounts, understanding and steady practice matter far more than memorising. Use the objectives below as a checklist: if you can do each one confidently, you have mastered this topic.
Objectives — candidates should be able to
After studying Accounts of Not-For-Profit-Making, you should be able to:
- Distinguish between profit oriented and Not-For-Profit- Making Organizations;
- Determine annual subscription, subscription in arrears and in advance; and
- Compute the cash balances, accumulated funds, surplus or deficit for the period. OBJECTIVES
These objectives are from the official JAMB syllabus. Use them as a checklist — if you can do each one confidently, you have mastered this topic.
Source: official JAMB UTME Principles of Accounts syllabus (IBASS, jamb.gov.ng). Reproduced for study use. Last checked: 17 Sept 2026. Always confirm the current syllabus on the official portal.