NIOS 2026 | Class 12 Accounts (Accountancy-320) | Financial Statement of Not-for-Profit Organization | Live Class by Prakash Sir
Welcome to another comprehensive NIOS Class 12 Accounts session for the 2025-26 batch!
In today’s special class, Prakash Sir will take you deep into Accountancy-320, focusing on the important chapter Financial Statements of Not-for-Profit Organization (NPO).
This topic is crucial for every NIOS learner preparing for NIOS 2026 examinations and is an essential part of the senior secondary syllabus.
🔑 What You’ll Learn in This Class
➡️ Meaning and Characteristics of Not-for-Profit Organizations
➡️ Difference between NPO and Profit-Making Entities
➡️ Receipts & Payments Account: Format, Features and Step-by-Step Preparation
➡️ Income & Expenditure Account: Adjustments, Outstanding Expenses, Accrued Income
➡️ Balance Sheet of NPO: Capital Fund, General Fund, Specific Donations, Legacy, Subscriptions
➡️ Important Adjustments such as Depreciation, Outstanding Subscriptions, Entrance Fees
➡️ Previous Year Board Questions and Smart Tips to Secure Full Marks
📚 Why This Class is Important
The Financial Statement of Not-for-Profit Organization carries significant weight in the NIOS Class 12 Accounts board exam.
Questions from this chapter are frequently asked in theory as well as in practical problem solving.
Mastering this lesson will help you build a strong foundation in accounting concepts and boost your confidence for the upcoming NIOS 2026 exams.
🏆 About Your Mentor – Prakash Sir
Prakash Sir is a highly experienced faculty member of NIOS Pathshala with years of expertise in teaching Accountancy and guiding students to achieve excellent scores.
His interactive method, easy explanations, and practical problem-solving techniques make even complex topics simple to understand.
With his guidance, thousands of NIOS learners have cleared Class 12 with outstanding results.
📅 Class Schedule & Access
📌 Daily Live Classes: Watch FREE live sessions on the NIOS Pathshala YouTube Channel.
📌 Mobile App: Download our Open Schooling Pathshala app to get daily updates, notes, PDFs, assignments, and practice questions.
📌 Replay Anytime: Missed the live class? No worries! Replay the recorded session anytime and revise at your own pace.
✏️ Tips for NIOS Class 12 Accountancy Preparation
1️⃣ Go through the NIOS syllabus and marking scheme carefully.
2️⃣ Prepare a formula sheet for quick revision of important journal entries and accounting adjustments.
3️⃣ Solve the last 5 years’ question papers of Accountancy-320.
4️⃣ Revise practical questions daily to gain speed and accuracy.
5️⃣ Attend all live sessions and take detailed notes for quick last-minute revision.
📥 Downloadable Study Material
✔️ PDF Notes of the class
✔️ Important Adjustments for NPO
✔️ Sample Papers for NIOS 2026
✔️ Assignment Questions for self-practice
All these resources will be shared FREE through the NIOS Pathshala App. Don’t forget to install it today!
🌐 Connect With Us
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🔗 Instagram: niosvisionpoint
🔗 Website: www.niosvisionpoint.com
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Whether you are a fresh NIOS enrollee or a student preparing for the October 2026 exam, this live session on Financial Statement of Not-for-Profit Organization is the perfect opportunity to strengthen your conceptual clarity and excel in your Class 12 Accountancy exam.
Make sure to watch the complete video, attempt all practice questions, and revise using the notes shared after the class.
💡 Remember: Consistent practice and regular attendance in our daily live classes will lead you to guaranteed success in NIOS 2026!
📢 Watch Daily Free Live Classes Only on NIOS Pathshala / Download Our App – Open Schooling Pathshala
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