Page 96 - VIRANSH COACHING CLASSES

Balance Sheet
as on 31 March 2019
st
Liabilities Amount Amount Assets Amount Amount
` ` ` `
Capital Fund 1,12,500 Cash in Hand 7,000
Add : 70 % Entrance fees 1,190 Cash at Bank 14,000
Add : Surplus 19,310 1,33,000 O/s Subscription

Building Fund 47,000 2016 - 17 500
Add : 50 % Donations 7,500 54,500 2017 - 18 1,000
2018 -19 8,000 9,500
Land 1,50,000
Sports Materials 8,000
Less : 12.5 % Depreciation 1,000 7,000

1,87,500 1,87,500
Working Notes :
1) Calculation of Capital Fund
Balance Sheet
as on 31 March 2018
st
Liabilities Amount Amount Assets Amount Amount
` ` ` `
Building Fund 47,000 Land 1,50,000
Bank Overdraft 32,000 Sports Materials 30,000
Capital Fund 1,12,500 Outstanding Sub.
(Balancing figure) 2016 - 17 2,500
2017 - 18 4,000 6,500
Cash in Hand 5,000

1,91,500 1,91,500
2) Calculation of Depreciation on Sports Materials
1
12 2 % Depreciation, on ` 8,000

12.5
8,000 × 100 = ` 1,000

87