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View Full Version : Treatment for Donated Non-Current assets


toyinayanwale
Oct 13, 2009, 10:11 AM
How do I treat Non-Current Assets Donated to a Community Bank in the year end financial statements.

ROLCAM
Oct 13, 2009, 07:05 PM
First of all get them valued.
To enter assets in a set of books you must
have dollar values.

DEBIT Non-Current Asset Account
CREDIT Community Bank FUND Account.