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
DR. the vehicle account and credit the donation account with the value of vehicle means the amount spent by the donor for buying the vehicle.
Vehicle is a fixed asset for the trust.
Vehicle is a fixed asset for the trust.
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