Q: Could you explain how Donated Assets should be accounted for on the Balance Sheet…_2
7 September 2012
…I am studying for the Drafting Financial Statements (CG) module and would be grateful if you could help me with the Donated Assets part of it.
…I am studying for the Drafting Financial Statements (CG) module and would be grateful if you could help me with the Donated Assets part of it.
I have not been able to find any cases where the subject of ‘donated assets’ is explicitly addressed in any UK pronouncements. I think, however, that there are two important areas of distinction that should be...