Question

what is specfic donations​

Answer 1

Answer:

Specific Donation:

In case the donor specifies the purpose for which the donation should be used, it is a Specific Donation. For example, a donor donates ₹ 10,00,000 for the library. It means the donation should be used only for the library, i.e., it is a specific donation.

Capital Fund (bal. fig): 10,86,000

Liabilities: Amount

Explanation:

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Answer 2

Answer:

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Explanation:

___ Specific Donation ___

• In case the donor specifies the purpose for which the donation should be used, it is a Specific Donation. For example, a donor donates ₹ 10,00,000 for the library. It means the donation should be used only for the library, i.e., it is a specific donation..

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