Comments to answers

For NGO statement of cash flow, which word can you use in place of 'surplus (deficit) ?

NGO Statement of Cashflows : CPA Floice I presume you are using the INDIRECT method of drawing your statement. To avoid the term surplus/deficit you may use the terms Excess (Deficiency) of Income over Expenditure.

NGO Accounting : .Excess (deficiency) of Revenue over Expenditure. Technically an NGO should not have more income reported than expenditure.. Why? Because the "excess" may be transferred to deferred income as a liability. Alternatively once all expenses

Shortfall

I was told at a seminar to avoid using such. It would mean that we need to pay taxes on that yet we are not in a profit making business

The same words are used