Accountancy, asked by kingofgamoing301, 1 year ago

How would a not-for-profit organization deal with the following items. (4X5)

(a) Outstanding Subscriptions,

(b) Donation,

(c) Tournament Fund,

(d) Legacy,

(e) Life Membership Fees

Answers

Answered by rahul73515

0

a) as assets
b)if specific then liability,otherwise income
c,d,e) liability

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