How to account for the development fund of private schools accrued at the end of the year (for reference only)

According to the accumulated unrestricted net assets of the current year.

Borrow: Unlimited net assets

Loan: limited net assets-development fund

Development funds are generally used to develop schools.

Borrow: limited net assets-development fund

Loans: bank deposits (accounts payable), etc.

If used to expand teaching buildings, dormitories, etc. , then

Borrow: fixed assets-buildings-teaching buildings

Loans: bank deposits (accounts payable), etc.

Then transfer the restricted net assets into unrestricted net assets.

Borrow: limited net assets-development fund

Loan: Unlimited net assets