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Legacy treatment in Income and expenditure …

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Legacy treatment in Income and expenditure a/c and in balance sheet

    • Posted by Kushali Bagaria 5 years, 9 months ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Harshita Jain 5 years, 9 months ago

    If it is for special purpose then it is shown in balance sheet otherwise credited to income and expenditure a/c

    0Thank You

    Aswathy Jasmi 5 years, 9 months ago

    In balance sheet -legacy should added with capital fund or general fund.In income amd expenditure -legacies not included

    0Thank You

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