Capital fund is also called general fund or accumulated fund it is actually the capital of an non profit concern it may be found out as the excess of asset over liability see usually surplus or deficit during a period is added with or detected from it proportion of a portion of capitalised income like donations maybe added with it special fund maybe created out of special donation or subscription or out of portion of the surplus for example may have building fund it may be for meeting some specific expense or for acquiring an asset if any income is the right out of investment made at the ends with this fund or if any profit or loss occurs due to sale of such investment such income or profit or loss is transferred to this fund donation received for a particular purpose should be credit for a special fund for example donation received for building should be creative building fund account for other donation received by the bail of rules of the concern should be followed if there is no such rules donation received or non recurring nature should be credit to Capital fund recurring donation received should be credit to income and expenditure account donation paid by the concern should be debited Legacy received is to directly added with the capital fund alter detection of taxes any it is a kind of donation received according to the will made by a diseases the person entrance free or admission fee the rules or by loss of the concern should be followed if there is no such rules admission or entrance fee paid once the member of acquiring membership should be added with the capital fund in such fees or also of the small amounts covering the expenses of admission only the P maybe credited subscription annual subscription and a life membership subscription or credit it to the account on the cural basis the life subscription usually credited to a separate account and detective from the liability does the balance is carried forward till the contribution by a member is fully exhausted if any member dice before hand the balance of a life membership contribution is transferred to Capital fund or general fund ignoring opening and closing cash bank balance and cash and capital receipt and payment revenue and capital outstanding expenses of the current year relating to the last year depreciation for current year first to check up whether the opening capital fund is given if not prepare and opening balance and then record the bank and cash account and then create a set and liability by the balance sheet. 
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