Accountancy, asked by niteshkr58, 4 months ago

If a club has received 100000 as donation of which 30% to be capitalised. How will you treat the

above in the Financial Statement of the club?

Answers

Answered by shripathy

1

Answer:

₹30,000 is capitalised

Explanation:

30% out of ₹1,00,000 = ₹30,000 is capitalised and it is taken to the liability side of the financial statement i.e balance sheet...

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