Question

How will you treat with the following items while preparing final accounts of a Non-profit organisation? 

Trial Balance as on 31.12.2007

Answer 1

Match Fund Investment and match fund bank balance – Rs. 95,000 and Rs. 4,500 will be

shown on the assets side of the balance sheet. The match fund will be shown on the liability side of the Balance sheet as follows: 

Match Fund – 1,00,000 

Add Interest on match fund investments – 4,000 1,04,000 

Less Match expenses – 4,500 

Match Fund Balance – 99,500