CBSE Class 12-commerce Answered
What is grass in not for profit organisations?
Asked by ravimundrakd | 02 Apr, 2020, 11:45: PM
Expert Answer
In case of an NPO where the organisation owns club with grounds and lawns, they will surely spend amounts on grass or grass seeds to maintain such grounds or lawns. Since, such an amount is an expenditure for the organisation, it will be shown on the debit side of the Income and Expenditure Account for a particular period.
Answered by Surabhi Gawade | 03 Apr, 2020, 09:35: AM
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