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Money receipt word format for non-profit organizations

hello welcome to my channel today do your things to talk okay it's your first time of joining us kindly like comment share and subscribe to our channel okay we are available in all social media we're on facebook on youtube on instagram and note on twitter okay check the things tutorial on this platform okay now today i want to continue on our series on account for non-profit making organizations okay so we started um the introduction months back and we talked about different accounts that we prepared in a non-profit making organizations okay so we saw the introduction we saw the receipt campaign expenditure also we saw the format and also um the balance sheet and also to the first statement of affairs if you have not seen that video check the link below in my youtube channel to check the introduction part before this okay so i in introduction um video i give three ways a question can come okay and i can't call non-profit making organization the first one i said when i give a question and they ask you to prepare um the receipt and payment account income and expenditure on the balance sheet okay because the statement or the data given is not in any account already so that the first part the second one also it means that um the statement and the information is already in the receipt and payment account and other additional information which should be asked to prepare the income and expenditure and the balance sheets okay why also the third one um is when the business is involved in a trading activity if you actually credit batch reading uh accounts the income and exponentially the balance sheet okay so i want to see the first one which is when the information is given plainly and you're actually prepared receives a payment income and expansion award balance sheet and the question said follow information concerns the activities of the recreation club for the year ended june 2002 i said building july 41 5000 sports equipment 15 cash 9 loan one two i said cash donations received 14 000 it said cash sales of dance tickets to thailand subscription received instagram entertainment expenses bill 11 000 salary space retirement as a sports equipment worth five thousand was brought for and paid by cash online twelve thousand one subscription owned by members told the advantages subscription received in respect of standard when he was five okay so remember we said the receipt and payment is the same way uh we prepare our cash book for a trading activity debit what is received and credit what has been given out or what is paid okay remember one of the rules is that no accuracy adjustment will be posted to the receipt and payment accounts okay so let's start at the first one building there was no statement that's regarded if it was paid or received supposed equipment now cash as at first it means this is a balance that was brought forward so yeah balance brought forward donation how much is it fourteen thousand the next one it said cash sales fantastic two thousand okay so that is tickets the show ticket so it means the money is coming so i have sales of dance tickets okay how much is it two thousand and the next one it said subscription received eight thousand so uh subscription [Music] entertainment how much is it 11 000. the next one said salaries big 2000 so um 2000 okay and that's what i said sports equipment worth 5000 was bought for and paid by cash on july 12 2001 okay so it means the boss first equipment are paid by cash since they are paying also so it will come here equipment as well five thousand okay so check if there's another item that is supposed to come here subscription old these ones are adjustable so there is no other item so we're going to add to check our balance so if you're looking at it the debit side is than the third side so debit side we're having 33 000 right here we are having 19 000 so we have balance carried down there is nineteen would give us fifteen thousand okay [Music] okay so the next one so is the income and exponential account is the same thing as the what the profit loss of the profit venture okay so it means all items in the debit side of the receipt and payment account were posted in the credit side excluding the balance of the phone while all items in the credit side of the payments receive that payment account we posted to the debit side as expenditure excluding payments made for assets okay so but in income and expensive accounts it makes you for adjustment that occurs so we have it here so let's just adjust them before we post it to the income and exponential accounts okay so now let's adjust the first adjustment is the subscription subscription the subscription of course amanda received his 8 000. so they received cash 8 000. but along the line he said subscription owned by members during the year amounted to 200 it means during the year they were members that did not pay we need 200 but now i want to know the actual subscription so we are going to add because since they said old it means it is active okay so all accurate should be what added from the currency so we're going to add areas of how much 200 so this will give us 8 200 okay now the next one he said subscription received in respect of 2003 was 500 there that means there's a person that paid in advance remember we are living in 2002 but it says some people paid in advance so if they paid in advance it means we are going to deduct that money we want to know what is the actual subs income that are supposed to be earned for that currency okay for the club okay so for subscribe subscribe that they subscribe okay so since it is 2001 also and they said it was uh suspicious was arrears as of that means we might have not recorded that so i want to also less the amount so the two items were less will have less areas for 2001 okay areas for 2001 what is 300 and also repaid they paid in advance for 2003 which is what 500 so h2 minus this will give us seven thousand seven thousand four hundred okay that's subscription now another adjustment is salary this is salary paid is 400. remember anything that is due our crude is what are accurate so we're going to add it to the amount already pay so salary next one is salaries all right amounts paid amount the page is 2000 but okay now i said depreciate equipment by ten percent and building by five percent per annum the appreciation for equipment now said is what 10 so it is then over 100 times the cost now what is the cost check here where sports equipment was brought forward that's the assets 15 but in the cost of the year activities they bought look at this exposure look at what five thousand was bought so it means they bought you one five thousand because the one existing fifty dollars was twenty thousand so our assets the cost is now twenty thousand so that the center of 2000 will give us 2 000 so that is my equipment now the other one is for building so building is five percent which is five over a hundred times fifty five thousand that cost so we have fifty five dollars five percent of the factors [Music] and expenditure for the a and then that's it so what do we do just move all items in the world in the credit side our spending receiver payment i post here excluding those ones that was paid um those assets that was paid for so the first one entertainment is eleven thousand so really us expenses entertainment [Music] 11 000 no adjustment was made next one salaries remember we did adjustment of salaries which is now twofold so it is what we post here as salaries 2400 okay so equipment is an asset remember so you do not come here it is not an expenditure it is a payment made okay so that is the only expenditure now numbers are the procession the precision expenses for equipment so post depreciation for equipment is 2 000 therefore building is 2.750 okay now the credit side will not be what they receive apart from the raspberry pi so the first one one is sales of that ticket so that's right that's how much is it 2 000 another one is subscription 8000 but now we need adjustments which is number seven four so uh subscription seven four i think that is the income so let's get to finding if the stop loss or deficit okay so add up this so if we add up this will have this us 23 400 which is greater than this part so it means we're going to have a surplus okay this part if the income is bigger than the x furniture we have suppliers whatever is there at the income we have what deficit so this part is 400 which is legalities so the difference will give us a surplus the surplus which is five thousand two fifty so if you add up you have twenty three thousand four hundred okay so that is expiration okay now let's prepare the balance sheet which is the last part welcome back now let's prepare the balance sheet okay now remember before we come by the balance sheet we should have our accumulated phone you don't remember that if you don't know how to get this please check in the introduction video which is below uh the link in my youtube channel okay in the description okay so together achieve we have to get our capital for a trading business and it's called capital for our non-profit is called community fund it is done using the word our statement of what affairs okay so now it means we are going to prepare our statement of affairs first so we have our statements of affairs as ads now the statement affects it is the opening capital now we're looking for so we're going to use items at the beginning which is july 1st i like july of course 2001 so we are using only items at the beginning only items in july first 2001 all okay so remember i told you it is what an abridged balance sheet it looks the same way the balance sheet but the balancing people will give the world to the accumulated form so both items are assets so we have assets so the assets are these dates so we have our [Music] building so we have building password 55 000 we have sports equipment 15 000. this one is at this date please don't add this remember this one they cell is that july 12 okay so you can't add this so this one is at first so have equipment as 15 so we also have cash as 9000 okay so that is that now also our liabilities and the abilities now it will be loan loan is a liability so our liability loan is 1200 okay so there is no other item as i july first here and let's check at this part other information remember they said substitution received in respect of 2001 was 300 so this is 2001. okay so it means that then it was accrued so it means that having a crude subscription as opposed to that income with this accrued income okay an accrued income is what a correct asset so it will come here as um accrued subscription which is 300 okay so that's all so if you add this if you add this now this will give us 55 5 five plus fifteen plus nine that's seventy nine three hundred and this two supposed to be the same so it's nine three hundred so you deduct it from your liability so it will now give us our accumulated form so 79 300 minus 1200 we give us 78 100. so 78 100 is what they are cumulated on okay so we cannot regard balance sheet okay so said balance sheet my sheet as at 30th june 2002. so remember our sheets will have our fixed assets we have cost depreciation and net group the next one is ash salt loss remember our surplus in income and exponential okay so i wrote it out before i cleaned it and it's happened on two feet five thousand two fifty okay so now come to the fixed assets now let's check our fixed asset the first one is building so our building is the cost is 55 000 right so the depreciation of our building is 2.50 okay so the network value the 55 000 minus 2750 what is 52 250 okay so that is for building another one is the equipment now i equipment now in summation of the tool which is over 20 000 that is this plots the one that was bought okay remember that so the precision is two thousand which is this so 220 times i'll give us what it that is sixty thousand of seventeen okay so that is fixed asset now our current assets our current assets now will not be cash now the cash will be remember our receipt and payment account the balance carried down at the end i raised his arms what is 15 000. the balance carried down okay now what do you want brought forward not this okay from the previous year the balance carried down at the end will not be the one okay so um we're going to check other items also that relates to 2002 now if you check here our subscription we said owed by members during the year amounted to 200 during the year so that is accrued income again so which is accurate subscription which is 200 okay why they said they received subscription for 200 for 203 and so at 500. so that is for our liabilities now it means it is prepaid prepaid subscription solutions and income so it is prepaid what income so i'm going to write repeat subscription which is 300 okay so i think that is the only thing that is supposed to come to the balance sheet okay and also the loan summer is due and i'll pick we need adjustment so that's our crude salary who is founded that's a good uh correlation so uh [Music] [Music] and this was give us now remember this is 500 please prepare subscription for 73 so this also gives us 0 5 okay so that's how to prepare when the question that the first part or the first way a question might come from an account for nonprofit where you'll be giving a plane question your access pair your receipt and payments income and expenditure on the balance sheet okay if you're the first to join us kindly like comment share this video and subscribe okay follow us on all platforms we are talk instagram facebook and on youtube okay thank you very much