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How should you treat money donated to improve a building,
which is a permanent endowment?

Answers were Sorted based on User's Feedback



How should you treat money donated to improve a building, which is a permanent endowment? ..

Answer / jagi

Treat as addtional capital.

Is This Answer Correct ?    1 Yes 0 No

How should you treat money donated to improve a building, which is a permanent endowment? ..

Answer / guest

Treat it as an addition (incoming resource) to permanent
endowment funds. Any interest earned on the money prior to
spending should also be included as permanent endowment.

Is This Answer Correct ?    0 Yes 0 No

How should you treat money donated to improve a building, which is a permanent endowment? ..

Answer / madhuri

Expediture incurred on building which is a permanet
endowment should be considered as a Capital expenditure and
should be addition to the asset which should be added to
the cost of the asset.

Is This Answer Correct ?    0 Yes 0 No

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