Question

Donation for organising a function is given to a NPO ,this is not creating an asset but it is specific donation ,so where it is to be shown? ,in capital a/c or income and expenditure a/c​

Answer 1

Answer:

hey dear mate!! here is ur answer..

if the Donations is for any Specific purpose then it will be shown in Balance sheet. If it is general donation then it will be shown in Income and Expenditure Account.

Explanation:

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