Seen one trust balance sheet :
on Liability Side:
- School Building Construction Fund A/c.
- School Building Fund
on Assets Side:
- Boys Hostel Construction A/c.
- Girls Hostel Construction A/c.
Unable to understand it. Please do explain it what they are trying to say???
Menu
Trust Balance Sheet
Replies (3)
Jigar
pls revert back.
pls revert back.
Accounts under assets represent properties held by the trust (2 hostels in this case)
Fund accounts represent money set aside for a specific purpose (say for repair/renovation/reconstruction etc of school here)
Send details at sabyasachimukherjee7098 @ gmail.com
Recent Threads
- Clubbing of income on ULIP
- ITR2 Processing Delay
- TDS demand payment notice
- Invoice NOT in 2B but showing in 2A, and supplier
- Is ITC available on VRF AC
- Capital gains on sale of furnished flat
- Heard & Seen Around – Your Daily Economi
- Gst interest and penalty doubts regarding missing
- Import of goods IMS telated
- ITR 6 submitting Problem
Related Threads
CAclubindia
