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What is Capital Fund in Non-Profit Accounting about?

Non-profit organizations prepare receipts and payments accounts and income and expenditure accounts to show periodic performance and a balance sheet to show financial position. The income and expenditure account is similar to a profit and loss account but shows any excess of expenditures over income as a deficit rather than a loss. The balance sheet shows total assets over total liabilities as the capital or accumulated fund, representing amounts contributed over time. Donations are credited to income and e

Author

Ankit Kumar Singh

Language

EN