Question

Why is specific donation capitalised?​

Answer 1

spacific donation is a donation recieved for a spacific purpose say for constructing a building specific

donation are not charged to income and expenditure account rather capitalised and shown on the liabilities

side and any expencess on the of the same are deducted from the fund

Answer 2

• Specific donations is a donation received for a specific purpose say for constructing a building. Specific donations are not charged to income and expenditure account rather capitalised and shown on the liabilities side and any expenses of the same are deducted from the fund.