Accountancy, asked by amishadewangan225, 8 months ago

Gave away in charity in cash and goods worth

Answers

Answered by anushkasingh5nov2006

1

Answer:

◽ In the for-profit world, a company receiving a donated asset will record the donation as a debit to "Fixed Asset" and a credit to "Contribution Revenue." This records the asset on the company's books and also records revenue from receiving the donation.

Hope it helps u dear... ❤❤❤

Previous Question

Next Question

Similar questions

Chemistry, 4 months ago

What are the components of Carnot cycle of thermodynamics...

Math, 4 months ago

Which of the following cannot be the empirical probability of an event? *...

Math, 4 months ago

WHAT SHOULD BE ADDED TO 1*2 1*3 1*5 TO GET 3...

Hindi, 8 months ago

2. इस पाठ का कोई दूसरा नाम क्या हो सकता है?

Computer Science, 8 months ago

5) CD மற்றும் DVD வேறுபடுத்துக.

Math, 1 year ago

3. If the points A(x, 2), B(-3, -4) and C(7, -5) are collinear, then the value of x is a. 63 b. -63 c. -60 d. 60 4. The midpoint of the line segment joining the points A(-2, 8) and B(-6, -4) is a. (-4, -6) b. (2, 6) c. (-4, 2) d. (4, 2) 5. The points A(9, 0), B(9, 6), C(-9, 6) and D(-9, 0) are the vertices of a a. square b. rectangle c. rhombus d. trapezium...

Math, 1 year ago

find the √290 in step wise manner please help.

Hindi, 1 year ago

लेखक भाई साहब की आँखों से दूर रहने का प्रयास क्यों करता था?