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
|
