Accountancy, asked by shibilmuhammed3222, 2 months ago

how would a not for profit organization deal with tournament fund

Answers

Answered by vrutti1806

Explanation:

A)Outstanding Subscription Of that year is recorded on debit side of Income and Expenditure A/c and also shown in the Balance Sheet of Current year in the Assets Side. 2. ... C) Tournament Fund will be treated in the liability side of Balance Sheet according to its Adjustments.

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