accounting of donation in kind
This query is : Resolved
04 April 2009
If an trust receives donation in kind say Ambulance at what price it should be recorded in the books of the trust
04 April 2009
If the donation is along with a letter for that this doantion will form part of corpus then the entry will be
Ambulance A/c Dr
To Corpus Donations / Corpus Fund
If the donation is without a letter direting it to be a corpus it becomes a regular donation then
Ambulance A/c Dr
To donations received
Ambulance A/c Dr
To Corpus Donations / Corpus Fund
If the donation is without a letter direting it to be a corpus it becomes a regular donation then
Ambulance A/c Dr
To donations received
Message likes :
1 times
05 April 2009
thanks for r ur reply
But what i m asking is the price. Whether it should be a nominal value or market value or anything else?
But what i m asking is the price. Whether it should be a nominal value or market value or anything else?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- TAN for Partnership
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- STCG FOR GOLD ETFs
- SALE BILL AGAINST GOODS RETURN
- Loan by Partnership Firm
- LTCG for Assmt year 26-27
- Plot of land. Cost of Acquisition
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
