Why is capital fund in npo is liability
Atharv Sankliya (1354 Points)
09 June 2022
why is capital fund in npo is liability although the entity does not have to repay it ?
2 Replies
Dnyanesh Deshpande
(Aspiring CA)
(133 Points)
Replied 11 June 2022
Capital is assets minus liabilities. Considering NPO as seperate entity, amount invested by members is liability for NPO towards members
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 11 June 2022
Capiatl is always liability that teh amount have been introduced by the promoters and not generated by the NPO itself.
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