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Accounting entry

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(Querist)
30 May 2016 accounting entries regarding utilisation of development fund
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Ganeshbabu K

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Ganeshbabu K (Expert)
30 May 2016 Dr.development fund A/c
Cr.bank/cash/ any account(in case of transfer of some balance to any fund a/c or any account) A/c

Generally will see development fund in educational institutional and govt department accounting.and utilisation of fund should be as per rules prescribed for so called institution
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CA Rohit Jain

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CA Rohit Jain (Expert)
30 May 2016 Debit development fund account and credit cash or bank
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