What is surplus and deficit in npo
Dear student,
In Non profit organisations, surplus occurs when it's revenue exceeds expenses ( means when revenue is more than expenses of organisation) while on the other hand, deficit occurs when it's expenses exceeds revenue (means when expenses are more than revenue of organisation).
Terms like surplus and deficits in NPO can be compared with profits and losses respectively in other organisations.
Regards.
In Non profit organisations, surplus occurs when it's revenue exceeds expenses ( means when revenue is more than expenses of organisation) while on the other hand, deficit occurs when it's expenses exceeds revenue (means when expenses are more than revenue of organisation).
Terms like surplus and deficits in NPO can be compared with profits and losses respectively in other organisations.
Regards.