banner_ad

Accounting for trust/ngo

This query is : Resolved 
Profile Image

Profile Image

(Querist)
09 July 2014 Sir,
Kindly suggest the accounting treatment of donation received by NGO/Non profit organization. Detail of receipt are as under:-
1. Donation received from Mr.X, Rs-10,000/-
& entry is
Bank/Cash (Dr)......10,000/-
Mr. X (Cr).......10,000/-

(a) Cash\Bank will increase current assets.
(b)Under which head Mr X account create?

Thanks
Profile Image

ACS Gaurav Jain

Profile Image

ACS Gaurav Jain (Expert)
09 July 2014 Cash A/c Dr.

To Donation Cr.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
10 July 2014 BANK/ CASH A/C DR.

TO DONATION RECEIVED A/C
Profile Image

Tarun

Profile Image

Tarun (Querist)
10 July 2014 Dear Rupesh Sir, kindly clear that under which head DONATION RECEIVED A/C created.
Profile Image

ACS Gaurav Jain

Profile Image

ACS Gaurav Jain (Expert)
12 July 2014 under Income Received account
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details