Accounting entry
This query is : Open
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
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
CA Rohit Jain
(Expert)
30 May 2016
Debit development fund account and credit cash or bank
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