Tricky Adjustment of NPO Receipts and Payments Account

The video tutorial explains the adjustments needed for NPO receipts and payments, focusing on rent expenses. It covers calculating monthly rent, determining current year expenses, identifying prepaid expenses, and understanding hidden adjustments for previous years. The tutorial concludes with guidance on posting these adjustments to the expenditure side.

What is the total rent expense for the current year based on the information provided?

How many months of rent were prepaid as of 30th June 2021?

Explain the hidden adjustment mentioned in the text regarding the rent payments.

What was the outstanding amount for the previous year that needs to be considered?

What should be the effect on the expenditure side when posting the payment of 18,000?