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-   -   Treatment for Donated Non-Current assets (https://www.askmehelpdesk.com/showthread.php?t=405524)

  • Oct 13, 2009, 10:11 AM
    toyinayanwale
    Treatment for Donated Non-Current assets
    How do I treat Non-Current Assets Donated to a Community Bank in the year end financial statements.
  • Oct 13, 2009, 07:05 PM
    ROLCAM

    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.

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