In NPO, 'income from prize fund investment' will be shown both in income and expenditure a/c (cr side) and - Accountancy - Accounting for Not-for-Profit Organisation

Question

In NPO, 'income from prize fund investment' will be shown both in
income and expenditure a/c (cr side) and liability side of balance
sheet (as an addition to prize fund) ?

Kavita Karn · Accepted Answer

Dear student,
income from prize fund investment will be shown in the credit side
of income and expenditure account as well as it will be added to
the prize fund in the liability side of the balance sheet
regards

In NPO, 'income from prize fund investment' will be shown both in income and expenditure a/c (cr. side) and liability side of balance sheet (as an addition to prize fund) ?