Building Fund

WHEN DONATION FOR BUILDING FUND IS RECEIVED

BANK AC- - - - - - -- - - - - - - - - -DR.

                TO BUILDING FUND AC.

WHEN PAYMENT FOR BUILDING IS MADE

BLD. UNDER CONSTRUCTION AC -- - - - - - DR.

                        TO BANK AC.

(BEING EXP. FOR CONSTRUCTION MADE)

WHEN BUILDING IS COMPLETED

BUILDING AC - - -- - - - - - - - - - - - DR.

         TO BUILDING UNDER CONSTRUCTION AC.

(BEING BLD. UNDER CONSTRUCTION TFD. TO BLD. AC.)

BUILDING FUND AC - - -- - - - - -  -- - - - DR.

       TO CAPITAL AC.

(BEING THE AMT. EQUAL TO BLD. CONSTRUCTION TFD, TO BLD. AC. TFD. TO CAPITAL FUND AC)

Thanks a lot!!

What kind of donations can be shown in a balance sheet?

Sir can u please tell me why are we transferrring building fund to capital fund and why are we not deducting expenses of building construction from building fund 🙏🙏🙏🙏

Please sir I m lacking in concepts🙏🙏