How should you treat money donated to improve a building,
which is a permanent endowment?
- 3 Answers
- 4742 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / guest
Treat it as an addition (incoming resource) to permanent
endowment funds. Any interest earned on the money prior to
spending should also be included as permanent endowment.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / madhuri
Expediture incurred on building which is a permanet
endowment should be considered as a Capital expenditure and
should be addition to the asset which should be added to
the cost of the asset.
| Is This Answer Correct ? | 0 Yes | 0 No |
---------is the main or principle book of accounts
how u can control stock movments....like issuing raw materials receiving...in practical way..basically in ,y org we r using bin cards,barcodes etc but somehow need more concentration... help me frds..
Expand ------MNIC
What is contingent liability? Ex
Expand ________GDP
Difference between funds flow statement & Cash flow statement
fd redeem interest and principal entry in tally
what are the concepts & conventions of accounting?
Mr. X buys an asset of Rs. 1000/- in cash and with it get an free gold coin what is the general entry for this?
Interest of Rs.30000/- is received from deposits Tds of Rs 7500/- is deducted by the bank please pass the necessary entry for the same
what is cost accounting ?
Give some reasons for disagreement of the balances between cash and pass book.
Audit 
