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Fund based Accounting for Not for Profit organizations

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(Querist)
18 March 2022 Respected Sir , my question is that when NPO receives fund for creating assets then when asset is created equal amount is transferred to capital reserve but why it is not income for NPO as it is getting asset free of cost ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
18 March 2022 It's not income for NPO since it can't be spent for revenue expenses.
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Neev Garg

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Neev Garg (Querist)
18 March 2022 Thankyou sir for replying so quickly
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Neev Garg

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Neev Garg (Querist)
18 March 2022 Sir I want to know best career in finance after 12 which will have high demand in recent future
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
18 March 2022 Competition is more do CA if you are high ranking student.

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