Donations to Building fund is an example of_____and shown in the_______
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Explanation:
Donations to Building fund is an example of capital revenue and is shown in the liability
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Explanation:
Capital Funds and Special Funds
A non-profit organization keeps proper books of accounts. It aims to provide a simple and convenient calculation of items of income and expenditure and finding the correct position of assets and liabilities of the organization. Let us study the accounting treatment of capital funds and special funds.
Capital Funds and Special Funds
Following are the concepts of some funds which organizations generally maintain
Capital Fund
Special Fund
Donations
Entrance Fees or Admission Fees
Subscriptions
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