Journal entries for donation received by trust

Bank A/c                 Dr

   To Corpus Fund A/c

(Being Donation received for the specific purpose)

Ornaments A/c         Dr

      To Bank A/c 

(Being Ornaments purchased from the Donation received)

Dear devender,

How do you close the corpus fund account. 

There we have to pass an adjustment entry 

Corpus fund account  Dr 

      To  Ornaments account A/c

Originally posted by : Rahul ojha
	Dear sir, Please suggest me journal entry for land donation received by a charitable society

I have the same question?