Dear Ma'am/ Sir,
I want to know if an NGO is working as trust then how it can dispose off its assets like computers in their books of accounts.
Thanks
1 Replies
Nikhil Bhatia
(Article)
(309 Points)
Replied 25 July 2019
There will be 2 entries
Bank Dr.
To Fixed Assets Cr
Capital Fund Dr
To P/L. A/c. Cr
Bank Dr.
To Fixed Assets Cr
Capital Fund Dr
To P/L. A/c. Cr
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