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प्रश्न
Show how are the following items dealt with while preparing the final accounts for the year ended 31st March, 2019 of a Not-for-profit Organisation:
Case I
Expenditure on construction of Pavilion is ₹ 6,00,000. The construction work is in progress and has not yet completed. Capital Fund as at 31st March, 2018 is ₹ 20,00,000.
Case II
Expenditure on construction of Pavilion is ₹ 6,00,000. The construction work is in progress and has not yet completed. Pavilion Fund as at 31st March, 2018 is ₹ 10,00,000 and Capital Fund as at 31st March, 2018 is ₹ 20,00,000.
Case III
Expenditure on construction of Pavilion is ₹ 6,00,000. The construction work is in progress and has not yet completed. Pavilion Fund as at 31st March, 2018 is ₹ 10,00,000, and Capital Fund as at 31st March, 2018 is ₹ 20,00,000. Donation Received for Pavilion on 1st January, 2019 is ₹ 5,00,000.
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उत्तर
Case 1
|
Balance Sheet as on March 31, 2019 |
|||
|
Liabilities |
Amount (₹) |
Assets |
Amount (₹) |
|
Capital Fund |
20,00,000 |
Pavilion Work-in-Progress |
6,00,000 |
Case 2
|
Balance Sheet as on March 31, 2019 |
||||
|
Liabilities |
Amount (₹) |
Assets |
Amount (₹) |
|
|
Pavilion Fund |
10,00,000 |
|
Pavilion Work-in-Progress |
6,00,000 |
|
Less: Expenditure on Construction of Pavilion |
(6,00,000) |
4,00,000 |
|
|
|
Capital Fund |
20,00,000 |
|
|
|
|
Add: Pavilion Work-in-Progress |
6,00,000 |
26,00,000 |
|
|
Case 3
|
Balance Sheet as on March 31, 2019 |
||||
|
Liabilities |
Amount (₹) |
Assets |
Amount (₹) |
|
|
Pavilion Fund |
10,00,000 |
|
|
|
|
Add: Donation |
5,00,000 |
|
Pavilion Work-in-Progress |
6,00,000 |
|
Less: Expenditure on Construction of Pavilion |
(6,00,000) |
9,00,000 |
|
|
|
Capital Fund |
20,00,000 |
|
|
|
|
Add: Pavilion Work-in-Progress |
6,00,000 |
26,00,000 |
|
|
