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Accounting for trust/ngo

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(Querist)
09 July 2014 Sir,
Kindly suggest the accounting treatment of donation received by NGO/Non profit organization. Detail of receipt are as under:-
1. Donation received from Mr.X, Rs-10,000/-
& entry is
Bank/Cash (Dr)......10,000/-
Mr. X (Cr).......10,000/-

(a) Cash\Bank will increase current assets.
(b)Under which head Mr X account create?

Thanks
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ACS Gaurav Jain

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ACS Gaurav Jain (Expert)
09 July 2014 Cash A/c Dr.

To Donation Cr.
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Rupesh Jain

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Rupesh Jain (Expert)
10 July 2014 BANK/ CASH A/C DR.

TO DONATION RECEIVED A/C
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Tarun

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Tarun (Querist)
10 July 2014 Dear Rupesh Sir, kindly clear that under which head DONATION RECEIVED A/C created.
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ACS Gaurav Jain

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ACS Gaurav Jain (Expert)
12 July 2014 under Income Received account

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