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Trust donation presentation

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 July 2012 In a foundation registered under sec25 there was a donation paid in fy 09-10 which was debited to PL a/c and in fy11-12 it is recd back due to some reason so fy 11-12 what should be effect of same.can it be shown as donation recd,but then it will be transfered to corpus fund.
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Amol S Joglekar

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Amol S Joglekar (Expert)
27 July 2012 Is there any alergy for CORPUS? The purpose for which the donation was given and purpose for which it received back shall play a vital role in accounting treatment of the same.
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