Fund Accounting, Income Types & Aspects Of A Grant

Fund Accounting

NGOs follow Fund based Accounting for managing grants

Income of IPs-Types of Funds

Income of charitable institutions being headless is reported under following categories:

Types of funds (specified by ICAI):

 

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Accounting treatment for grants to NGOs

Grant is trust money. 3 options followed as per convention:


Revision #8
Created 24 April 2024 04:59:35 by Pooja
Updated 2 May 2024 11:38:18 by Pooja