How would a non profit organisation deal with tournament fund?
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(1) outstanding subscription-if o/s sub is previous year than it will be added in current year subscription and if subscription is given if advance of next year it will be less
(2) donation- donation always added in current year donation it is income for organisation
(3) tournament fund- its treated in closing balance sheet in liability side
(4) legacy- treated in closing balance sheet in liability side
(2) donation- donation always added in current year donation it is income for organisation
(3) tournament fund- its treated in closing balance sheet in liability side
(4) legacy- treated in closing balance sheet in liability side
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