How Are Specific Donations Treated While Preparing Final Accounts of a 'Not-for-profit Organisation'? - Accountancy

Advertisement Remove all ads
One Line Answer

Answer the following question:
How are specific donations treated while preparing final accounts of a 'Not-For-Profit Organisation'?

Advertisement Remove all ads

Solution

Since specific donations are capital receipts, they are shown under liability side of the balance sheet.

Concept: Accounting Records of "Not for Profit" Organisations
  Is there an error in this question or solution?
Advertisement Remove all ads
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×