Accountancy, asked by ayonaaghoshal, 1 year ago

How are the following items presented in the financial statements of a Not-for-profit organisation :- a. Tournament Fund - ₹80,000. b. Tournament expenses - ₹14,000​

Answers

Answered by vikingsk215
12

Answer:

Explanation:

It is a capital liability(as it is a specific fund)

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