How the following items are shown in the balance sheet of Not –for – profitOrganisation on 31st March 2007: Expenditure on construction of pavilion(The construction work was in progress) ...................$3,60,000Pavilion fund on 31st March 2006............................ $3,10,000Donation received during yr 2006-07................................. $4,20,000Capital fund on 1st April 2006....................... $5,50,000

Question

How the following items are shown in the balance sheet of Not –for – profit
Organisation on 31st March 2007: 


Expenditure on construction of pavilion
(The construction work was in progress) ...................$3,60,000
Pavilion fund on 31st March 2006............................ $3,10,000
Donation received during yr 2006-07................................. $4,20,000
Capital fund on 1st April 2006....................... $5,50,000

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Accounting for NPOs

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