OMTEX CLASSES: Q. 6. NPO Solution: Click Here March 2018

Q. 6. NPO Solution: Click Here March 2018

Q. 6. NPO Solution: Click Here

In the books of M/s A.S.C. College of Commerce.

Expenditure
Rs.
Rs.
Income
Rs.
Rs.
To Salaries

67000
By Admission Fees

40000
To Electricity

26200
By Donations
100000

To Stationery

18300
Less: Building Fund
50000
50000
To To Dep. on Furniture.

10000
By Term Fees

100000



By Tution Fees
130000




Less: Last Year Amount
12000





118000




Add: Outstanding of Current Year.
4200
122200






To Surplus C/d

190700











312200


312200

M/s A.S.C. College of Commerce
Balance Sheet as on 31st March 2016.


Liabilities
Rs.
Rs.
Assets
Rs.
Rs.
Capital Fund:
120750

Books

41300
Add: Life Membership Fees
20500

Furniture
40000

Add: Surplus
190700
331950
Add: Purchased
45000

Building Fund
150000


85000

Add: Donations
50000
200000
Less: Depreciation
10000
75000



Fixed Deposit
160000




Add: Purchased
200000
360000



Tuition Fees Receivable

4200



Cash

1450



Bank

50000








531950


531950