Question

Billiard table is asset or expenditure in not profit concern

Answer 1

Answer:

Billiard Table is an asset in an NPO and to be shown in Balance Sheet.

However, the expenses occured and income earned from the billiard table are treated in Income and Expenditure Account

Answer 2

Explanation:

As we know that there are two types of

1.specific donation

2.General donation

so Billiard table are ( specific donation )

so it was not record in ( income and expenditure )

it only records in balance sheet and receipts and payement account

Billiard table ( pool table )