Prepare balance sheet of the following.
Solution
. Balance sheet
As at 31st March, 2022
. Balance sheet
As at 31st March, 2022
| Liability | Amount | Asset | Amount |
| Capital fund | 10% building fund investments | 4,80,000 | |
| Opening balance 10,80,000 | Building in progress | 3,60,000 | |
| Add: transferred from building fund 3,60,000 | 14,40,000 | ||
| Building fund | |||
| Opening balance 4,80,000 | |||
| Add: Donation. 6,00,000 | |||
| Add: interest received on building fund investments. 48,000 | |||
| Less: transferred to capital fund 3,60,000 | 7,68,000 |