Scribd Logo
Upload

Welcome to Scribd!

  • Statement of Net Assets and Revenues

    Uploaded by

    Ratin Mathur
    27 views3 pages
    This document contains 3 statements from a non-profit organization for the year ending November 30, 2007. The Statement of Net Assets shows total assets of $938,610, with $177,770 invested in capital assets and $760,840 in unrestricted net assets. The Statement of Revenues, Expenses and Changes in Fund Net Assets shows total revenues of $1,361,760 and total expenses of $1,138,760, resulting in an increase in net assets of $223,000. The Statement of Cash Flows shows $706,700 from operating activities and $6,900 from investing activities, resulting in a net increase in cash of $713,600.

    Original Description:

    Original Title

    Management Accounting

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document contains 3 statements from a non-profit organization for the year ending November 30, 2007. The Statement of Net Assets shows total assets of $938,610, with $177,770 invested in capital assets and $760,840 in unrestricted net assets. The Statement of Revenues, Expenses and Changes in Fund Net Assets shows total revenues of $1,361,760 and total expenses of $1,138,760, resulting in an increase in net assets of $223,000. The Statement of Cash Flows shows $706,700 from operating activities and $6,900 from investing activities, resulting in a net increase in cash of $713,600.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    27 views3 pages

    Statement of Net Assets and Revenues

    Uploaded by

    Ratin Mathur
    This document contains 3 statements from a non-profit organization for the year ending November 30, 2007. The Statement of Net Assets shows total assets of $938,610, with $177,770 invested in capital assets and $760,840 in unrestricted net assets. The Statement of Revenues, Expenses and Changes in Fund Net Assets shows total revenues of $1,361,760 and total expenses of $1,138,760, resulting in an increase in net assets of $223,000. The Statement of Cash Flows shows $706,700 from operating activities and $6,900 from investing activities, resulting in a net increase in cash of $713,600.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Ratin Mathur WMP7045

    Case - DILEMMA 1) Statement of Net Assets November 30, 2007 Amount

    Statement of Net Assets

    Particulars Bank Balance / Cash Pledges Receivable Equipment Building Land Long-term Investments Stock value

    Amount Rs. 12,460 Rs. Rs. Rs. Rs. Rs. 900,000 Rs. 26,150 Rs. 938,610 Rs. -

    Mortgage Payable Net Assets: Invested in Capital Assets, Net of Related Debt Restricted Nonexpendable Expendable (Cost of Bar Items) Unrestricted

    Rs. Rs.

    Rs. Rs. 177,770 Rs. - Rs. Rs.

    177,770 760,840

    Page 1 of 3

    105747528.xlsx.ms_office

    Ratin Mathur WMP7045

    Case - DILEMMA Statement of Revenues, Expenses Changes in Fund Net Assets 2) Statement of Revenues, Expenses & Changes in Fund Net Assets Year ending on November 30, 2007 Particulars Amount Contributions / Gifts Rs. 725,000 Interest Income Rs. 6,900 Fair Receipts Rs. 72,000 Bar collections Rs. 223,500 Subscription Rs. 162,130 Subscription amount in advance Rs. 12,150 Melas, Variety shows, Fairs & other family programmes Rs. 112,810 Gain on Sale of old car on December 1 Rs. 40,000 Gain on Sale of items Rs. 25,400 Expenses/Payments: Major repairs of building Rs. -40,000 Honorarium to Secretary Rs. -60,500 Rent Rs. -24,000 Rates & Taxes Rs. -38,000 Printing & Stationery Rs. -14,100 Sundry Expenses Rs. -15,000 Cheques issued Rs. -11,200 Outstanding Subscription Rs. -30,560 Wages Rs. -25,200 Melas, Variety shows, fairs, other family programmes Rs. -55,000 Bar Purchases Rs. -173,100 Amount Payable for Bar Purchases Rs. -30,500 Minor Repairs Rs. -11,000 New car purchased on 1st June Rs. -450,000 Net Assets Rs. 401,730

    Page 2 of 3

    105747528.xlsx.ms_office

    Ratin Mathur WMP7045

    Case - DILEMMA 1) Statement of Cash Flows Year ending on November 30, 2007

    Statement of Cash Flows

    Particulars Cash Flows from Operating Activities:

    Amount (Rs) Amount (Rs) Contributions Rs. 725,000 Wages / Salaries Rs. -25,200 Utilities Accountant's Fees Fund Raising Rs. 699,800

    Cash Flows from Investing Activities: Sale of Investments Rs. Sale of Equipment Rs. Interest Income Rs. Cash Flows from Noncapital Financial Activities: Cash Flows from Capital Financial Activities: Contributions Restricted for Fixed Assets Purchase of Fixed Assets Interest Expense Payment on Mortgage Net Increase in Cash Schedule of Noncash Financing & Investing Activities: Issue of Mortgage to Purchase Fixed Assets Reconciliation of Change in Net Assets to Net Cash Flows from Operating Activities: Change in Net Assets Depreciation Interest Income Interest Expense Increase in Pledges Receivable Gain on Sale of Investments Gain on Sale of Equipment Unrealized Gain on Investments Contribution of Long-term Investments Contributions Restricted for Fixed Assets Contribution of Fixed Assets 6,900 Rs. Rs.

    6,900 -

    Rs. Rs. Rs.

    Rs. 706,700

    Page 3 of 3

    105747528.xlsx.ms_office

    You might also like