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???
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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)
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