Question

Show how are the following items dealt with while preparing the final accounts for the year ended 31st March , 2018 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 , 2017 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, 2017 is ₹ 10,00,000 and Capital Fund as at 31st March, 2017 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, 2017 is ₹ 10,00,000, and Capital Fund as at 31st March, 2017 is ₹ 20,00,000 .
Donation Received for Pavilion on 1st January, 2018 is ₹ 5,00,000.

Answer 1

HEYA MATE YOUR ANSWER IS

₹ 6,00,000. The construction work is in progress and has not yet completed.

Pavilion Fund as at 31st March, 2017 is ₹ 10,00,000 and Capital Fund as at 31st March, 2017 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

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Answer 2

The final accounts for the items for the year 31 March 2018 is added as an attachment