how a capital fund of last year is treated in current year's final accounts of NPO
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Explanation:
Even a non-profit organization maintains proper books of accounts. It aims to facilitate simple and convenient calculation of items of income and expenditure and finding the correct position of assets and liabilities of the organization. Let us learn how this balance sheet is made and the accounting treatment of a general fund.
There are several components of the accounting system of non-profit organization. This includes the balance sheet as well. Let us understand more about the balance sheet of a non-profit organization.
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