Question

Show how would you deal with the Building Fund of D.A.V. Public School:
Building Fund as on 31st March, 2006Rs.₹ 10,00,000
Building Fund Investment as on 31st March, 2006 ₹10,00.000
Donations collected for Building during the year 2006-2007 ₹5,00,000
Interest received on Building Fund Investments 2006-2007 ₹45,000
Expendaure made on construction of Auditorium 2006-2007 ₹1450000​

Answer 1

Balance sheet as on 31st March 2006

Liabilities

Building Fund 10,00,000 rupees

Fund Investment 10,00,000 rupees

Donation collect 5,00,000 rupees

Interest received 45,000 rupees

Expenditure 1,45,000 rupees

15,45,000 and 1,45,0000 rupees

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