Accounting entry for trust

SACHIN JAIN CA FINAL student (INDORE) (233 Points)

05 May 2012  

My question is .........

if any trust is recieved amount for construction of building . than after building is complete  my query is 

1. as soon as recieved amount  we create A fund for only building purpose . whose entry should passed  ?

2. for construction of  building  we made  expenses . whose entry should passed  ?

3. at last when building is complete & our purpose is fuil fill to jo fund banaya tha uska kya hoga ya    whose entry should passed  ?

 
so kindly provide the correct entry for me ...........................