Trust donation presentation
This query is : Resolved
Querist : Anonymous
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.
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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