Question

You are starting a nonprofit for food for kids who can't afford them on their own.

• What programs will your nonprofit offer?
• Consider the mission of the nonprofit and create a mission statement.
• What fund designations will be needed to account for those programs?
• What kind of transactions would you have at your nonprofit?
• How will these transactions be recorded (consider segregation of funds and net asset classifications)?

Answer 1

MISSION STATEMENT :'

To support and encourage all kids , teach them education , kill their hunger and make them engaged in all possible ways to get the best out of it

2. Programmes offered

a. Day care

b. Healthy Breakfast with Prayers

c. Basic discipline and education courses

4. Sportsmanship encouragement.

Funds designations.

• Donations
• Government grants
• Loan can be obtained from bank
• Corporate sponsorship

Transactions in a non profit organization

• summary of cash Transactions where all reciepts and payments are recorded
• To set up our own Liabilities and liabilities. set up customers who will be mostly our donor
• Bank reconciliation and cash reco