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corpus contributions?

Osheen Bhattacharya (CA Final) (241 Points)

26 March 2010

what is meant by corpus contributions?

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5 Replies

manoj (student) (5205 Points)
Replied 26 March 2010

corpus contribtion is used in trust accounting

it is just like capital in company

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Varun.T.K (CA Final, CS Executive) (365 Points)
Replied 26 March 2010

Corpus donations(contributions) are those that are given to a trust with a specific direction that they shall form part of corpus (capital) of the trust. They are not included in the income of trust since it is treated as a capital receipt.

Osheen Bhattacharya (CA Final) (241 Points)
Replied 26 March 2010

thankyou manoj, varun

Tushar shah (Article) (311 Points)
Replied 27 March 2010

Corpus contribution is that type of donation in trust which is invested in somewhere like f.d. & from that interest trust fulfill their objects. Corpus contribution is for long term purppose not used in short term purppose.Corpus contribution is added in corous fund not credited to p&l. In B/S on asset side there must be certain asset agst. corpus fund on liability side.