Fund based Accounting for Not for Profit organizations
This query is : Resolved
Quick Summary
18 March 2022
Respected Sir , my question is that when NPO receives fund for creating assets then when asset is created equal amount is transferred to capital reserve but why it is not income for NPO as it is getting asset free of cost ?
18 March 2022
It's not income for NPO since it can't be spent for revenue expenses.
18 March 2022
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18 March 2022
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