Donation for contruction material
This query is : Open
16 July 2011
If a society is getting the construction material as well as labour in donation partly. how to capitalise the building ????
16 July 2011
Credit to donation received account & Debit to Asset account for the value of materials received
19 July 2011
Thanks for the reply. but actual issue is that by what amount i should account for the donation. should it be done with nominal amount or actual amount of asset.
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