Accountancy, asked by shwetakumarisingh324, 2 months ago

how will you treat specific donation while preparing final accounts of non- trading concerns?​

Answers

Answered by archanakadam1199
0

Answer:

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Answered by parmodkumar89527
0

Answer:

Treatment of donation

Any donation received in the form of anon-cash asset should be credited to the particular fund for which the asset has been donated. In case of absence of such particular fund, the amount should be credited to the capital fund account.

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