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In which fund of a hospital are medical equipment and related long-term obligations recorded? Would your...

In which fund of a hospital are medical equipment and related long-term obligations recorded? Would your answer be the same for a voluntary health and welfare organization?
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Answer #1

Medical equipment and related long term obligations will be recorded under

Head :- unrestricted fund

Sub head :- plant fund

For a voluntary health and welfare organization :-

Medical equipment and related long term obligations will be recorded under land, building, and equipment fund ( plant fund ).

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