Income of trust
This query is : Resolved
24 September 2019
A trust having 12 A registration.
The main object of the trust is running a special school for differently abled children.
how we have to incorporate the receipts and expenses of this school in trust accounts.
Whether the expenses are shown in application of income on Revenue account ?
The main object of the trust is running a special school for differently abled children.
how we have to incorporate the receipts and expenses of this school in trust accounts.
Whether the expenses are shown in application of income on Revenue account ?
25 September 2019
Yes expenses are shown in application of income on Revenue account.
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