Page 82 - VIRANSH COACHING CLASSES

2.3.9 Specimen of Balance Sheet :
Balance Sheet as on 31 March 20......
st
Liabilities Amt Amt Assets Amt Amt
` ` ` `
Capital Fund Cash in Hand xxx
(Opening Balance) xxx Cash at Bank xxx
Add : Fixed Deposit xxx

i) Donations (Capitalised) xxx Investments xxx
ii) Entrances fees (Capitalised) xxx Sundry Debtors xxx
iii) Surplus xxx Land and Buildings xxx
xxx Furniture and Fixtures xxx

Less : Deficit xxx xxx Plant and Machinery xxx
Building Fund xxx Equipments xxx
Endownment Fund xxx Play Ground xxx
Tournament Fund xxx Motor Vehicles xxx
Special Fund xxx Library Books xxx
Charity Fund xxx Stock of Sports Materials xxx

Sundry Creditors xxx Stock of Stationery xxx
Bank overdraft xxx Stock of Drugs xxx
Other Loan xxx Loans and Advances given xxx
Outstanding Expenses xxx Accured Interest xxx
Pre Received Income xxx Prepaid Expenses xxx

(Subscription received in advance) xxx Outstanding Income xxx
Life Membership Fees xxx
xxxx xxxx

Some times instead of adding surplus into Capital Fund, it is accumulated as a credit Balance
to Income and Expenditure Account. such balance is shown separate in Balance Sheet. On the
Liabilities side making there of may be as under.

Amt ` Amt `
Income the Expenditure Account
Opening credit Balance xxx
Add surplus of current year xxx xxx

2.3.9 (A) Additional Information :
1) (Refer illustration No. 4) Outstanding and prepaid Expenses
1. Outstanding Expenses - Outstanding expenses are the expenses which are unpaid.

Two effects
i) Add outstanding amount in the concerned expenditure on expenditure side of Income &
Expenditure Account.
ii) Show outstanding expenses on Liabilities side of Balance Sheet.

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