Accounting books maintained of trust for hospital

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Assess hospital maintained(Registereation) under Trust .

question:

Assess how to maintaince producure  for hospital account under trust registeration

Replies (2)
You should maintain income expenditure account, balance sheet of hospital, receipts and payments account
It's is public trust or private trust for benifit of one person
on accrual accounting reconized revenue and expenses when they are earned or incurred
the books are maintained as per the trust rules and regulations
and will be audit as per sect 12A


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