Accounting entry for trust

1. At the time of receiving fund:-

Bank A/c.....Dr.

            To Building Fund....

2. At the time of expenditure related to construction:-

Capital Work in Progress A/c.....Dr.

                 To Bank

3. On Completion of Construction:-

Building A/c......Dr.

                To Capital Work in Progress

1.Bank a/c                                      *********

         To Building Fund A/c          *********

2.Capital work in Process(exp) A/c    ********

        To Bank/cash/Contractor    *********

3.Building     A/c                            *********

        To Capital Work in Pocess(exp) A/c ********

Balance sheet

Assets: Building   **************

Liabilites: Building Fund a/c ***********

at the tme of received fund 

1  Bank a/c         Dr

           To Building fund a/c

2 at the time of expenditure

    WIP a/c          Dr

           Bank a/c

3 Building a/c     Dr

     WIP a/c 

Balance in B/sheet 

Liabilities Side : Building Fund ........

Assets Side    : Building a/c  ..........