AFA_Lec_8 - AdvancedFinancial Accounting FIN611...

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    Advanced Financial  Accounting FIN-611   Main Ahmad Farhan  Lecture-8 Non-Profit organizations 
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    Statement of Affairs  Assets        Rs   Club ground       50,000 Sports equipment       15,500 Furniture        2,000 Investments      12,000   Subscription due        2,000 Opening balance         3,800      85,300 Less Liabilities   Subscription received in advance                   500     Capital fund      84,800
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    Working  Sports Equipment   Date  Particulars  Amount  Date  Particulars  Amount  1 Jan  2007  1 Sep  2007 Opening balance  Addition During the year   15,500 10,000 31  Dec 2007 31  Dec 2007 Depreciation   Balance  3,767 21,733 25,500 25,500
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    Working (Office Equipment)  Opening balance 15,500   Add Addition 10,000 25,500 Less Depreciation    3,767 Net book value  21,733
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    ---- Club  Balance sheet  31-12-2007 Assets 
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AFA_Lec_8 - AdvancedFinancial Accounting FIN611...

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