Question

9. (When Expenditure is more than the Fund)
How will you show the following items in the Balance Sheet of Vinod Welfare Club on
31st March 2021?
Particulars Amount
Capital Fund (1st April 2020) .....................................................................
Building Fund (1st April 2020) ..................................................................
5% p.a. Building Fund Investment (1st April 2020) ................................
Donation for Building received during the year .....................................
Interest received on Building Fund Investment
..........................................

7,00,000
6,00,000
6,00,000
2,00,000
30,000
Additional Information: Expenditure on construction of Building Rs.10,00,000.
Construction work is in progress and not completed yet.​

Answer 1

Answer:

170,000 is shown in income and expenditure account

10lakh is added in capital fund

10lakh is also shown in assets side because building work in progress.

Answer 2

Explanation:

balance sheet :

liability side :- capital fund = 1530000

assets side :- building fund investment = 600000

:- building investment = 1000000