Accounts doubt

khishen shet (ca) (277 Points)

29 February 2012  

In non profit organisation we write various funds like game fund prize fund etc on the liabilities side.

and when there is any expenses we minus it from the fund amount. But what are the two effects of the expenses for the fund. for eg we minus prize award from prize fund.what is the second effect? is it in p&L? but then both will become debit effects only what is the credit effect?