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Accounting Principles for Nonprofit Organizations

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

The purpose of a nonprofit is not to make money, but to do what?

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1. What is the Statement of Activities for a nonprofit?

2. Which statement shows the spending of money on everyday things?

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About This Quiz & Worksheet

Complete the quiz and worksheet to see what you know about accounting principles for nonprofit organizations. The purpose of a nonprofit and the Statement of Activities are topics on the quiz.

Quiz & Worksheet Goals

The goal of these materials is to check your understanding of:

  • How nonprofits can make money
  • The purpose of a nonprofit
  • Statement that shows the spending of money on common items
  • Types of taxes a nonprofit pays

Skills Practiced

  • Reading comprehension - ensure that you draw the most important details from the lesson on nonprofit organizations and their accounting principles
  • Information recall - access the knowledge you have gained about what the Statement of Activities for a nonprofit is
  • Interpreting information - verify that you can read information about the purpose of a nonprofit and interpret it correctly

Additional Learning

Keep learning about these organizations by using the lesson called Accounting Principles for Nonprofit Organizations. You can use this lesson to:

  • See what makes a nonprofit organization unique
  • Review the purpose of a balance sheet for a company
  • Identify the greatest asset to nonprofit organizations
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