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

21 comments:

  1. Can u explain why did u Depreciate Furniture?????????

    ReplyDelete
    Replies
    1. since the closing balance of furniture is 75000 so we will depriciate the value of furniture(40000+45000=85000) by 10000 which will become 75000

      Delete
    2. 45000+40000=85000
      The amount on 31st March is 75000
      Then the difference between 85000and 75000is 10000

      Delete
    3. That difference is called depreciation

      Delete
  2. Internal adjustment salary 10 month's.. explain

    ReplyDelete
  3. madarchod kuch samajra nhi hai��������

    ReplyDelete
  4. Can uh explain how furniture 2nd entry will come to income?

    ReplyDelete
  5. Sir the sum is not getting tally ??? Sorry to say sir u r sum is also is wrong in liabilities &asset 531950 is not right answer..

    ReplyDelete
    Replies
    1. No calculation is right may be ur calculation is wrong

      Delete
    2. Answer is right it's tally also Thxx

      Delete
  6. Plz explain donation Agestment

    ReplyDelete
  7. What the second effect of last year tution fees

    ReplyDelete
  8. Tuition fees received for last year is 12000 where is it recorded then?

    ReplyDelete
  9. Where is fix depsit 2nd effect?

    ReplyDelete

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