Accountancy, asked by Ronak7155, 9 months ago

Donation for tournament fund example

Answers

Answered by nightfury27

Explanation:

Tournament Fund: It is maintained by Not-for-Profit Organisation for meeting expenses and incomes related to tournament. It is of capital nature, hence, shown on the Liability side of Closing Balance Sheet and adjustments related to tournament should be done through

Answered by jeevisiva4

Answer:

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