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Explain accounting treatment of legacy in …

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Explain accounting treatment of legacy in case of not for profit organization

    • Posted by Banjara 07 4 years, 8 months ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Satyam Suman 4 years, 8 months ago

    It is income so it is shown in income side of income and expenditure account

    1Thank You

    Nikhil Tomar 4 years, 8 months ago

    Income side if general legacy is given and . if specific legacy is given then we take it on liability side of bal. Sheet?

    1Thank You

    ANSWER
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