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How to find and solve capital …

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How to find and solve capital fund?

Posted by Diana Shaji 5 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Gaurav Seth 5 years, 6 months ago

In case of Not-for-profit organisation, Capital fund can be considered as excess of its assets over its liabilities. Any surplus or deficit ascertained from Income and Expenditure account is added to (deducted from ) the capital fund. This is termed as Accumulated Fund.
Calculation of Capital Fund

Capital Fund at the beginning of the year
(+) Surplus from Income and Expenditure Account
(Through b/f)
(+) Subscription Amount (Capitalised Amount )
(+) Life membership fee.
(-) Deficit from Income and Expenditure Account
(Through b/f)
Capital Fund at the end of the year

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