Show how following items will be dealt while preparing final accounts for the year ended 31st March, 2023 for a non-trading organisation:
Show how following items will be dealt while preparing final accounts for the year ended 31st March, 2023 for a non-trading organisation:
Case 1.
Expenditure on construction of Pavillion is ₹ 6,00,000. The construction work is in progress and has not yet completed. Capital Fund as at 31st March, 2022 is ₹ 20,00,000.
Case 2.
Expenditure on construction of Pavillion is ₹ 6,00,000. The construction work is in progress and has not yet completed. Pavilion Fund as at 31st March, 2022 is ₹ 10,00,000; and Capital Fund as at 31st March, 2022 is ₹ 20,00,000.
Case 3.
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, 2022 is ₹ 10,00,000 and Capital Fund as at 31st March, 2022 is ₹ 20,00,000. Donation Received for Pavilion on 1st January, 2023 is ₹ 5,00,000.
Anurag Pathak Changed status to publish February 7, 2024
