Question

Shown on Assets side.]
Sheet 63,200)
Building Fund as on 1.4.2019
Donation received for Building during the year
Expenditure on Construction of Building during the year
Capital Fund as on 1.4.2019
Life membership fee received
₹
8,00,000
12,00,000
7,00,000
10,00,000
50,000
[Ans. Balance of Capital Fund 317,50,000. Balance of Building Fund
13,00,000
0.9. As per Receipts and Payments Account for the year ended on March 31,
2017, the subscriptions received were 36,00,000. Additional Information given is as
follows:
1. Subscriptions outstanding on 1-4-2016 260,000.
2. Subscriptions outstanding on 31-3-2017 340,000.
3. Subscriptions Received in Advance as on 1-4-2016 32,000.
38000
TAns. Tournament Fund balance to be shown on the liabilities su
Q. 7. Show how will you deal with the following items while preparing the final
accounts of a N.P.O. for the year ending 31st March, 2020 :
The construction work is in progress and has not yet completed.​

Answer 1

Answer:

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Answer 2

Answer:

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