Accountancy, asked by konghayngayinpam, 2 months ago

Write the accounting treatment of special donation.

Answers

Answered by Anonymous

Answer:

ACCOUNTING TREATMENT :

Amount of special subscription is credited to the special fund that is recorded as a liability in Balance Sheet.
Any expenses out of these funds will be deducted from the special fund in Balance Sheet and will not be recorded as an expense in Income and Expenditure Account.

Explanation:

thank you❤

Previous Question

Next Question

Similar questions

Math, 1 month ago

$solve\ \textless \ br /\ \textgreater \ \frac{1}{3x + y} + \frac{1}{3x - y} = \frac{3}{4} \: \frac{1}{2(3x + y)} - \frac{1}{2(3x - y)} = \frac{1}{8}$ sove it fast. fast...

Social Sciences, 1 month ago

Geography, 1 month ago

Math, 2 months ago

English, 2 months ago

Math, 9 months ago

Math, 9 months ago

English, 9 months ago