NPO LEC 02 Part 1_6
Transcript
00:00We started contribution yesterday and we are looking at the treatment of contribution.
00:19In contribution, we were talking about restricted contribution. Restricted contribution means
00:30expenses. If it is related to current year expenses, then we are not recognizing it as
00:44a year. What was the second point? If we are getting this restricted contribution, then
01:00we are not recognizing it as a year. If we are getting this restricted contribution,
01:11then we are not recognizing it as a year. If we are getting this restricted contribution,
01:18then we are not recognizing it as a year. If we are getting this restricted contribution,
01:39then we are not recognizing it as a year.
01:48If we are getting this restricted contribution, then we are not recognizing it as a year.
02:08If we are getting this restricted contribution, then we are not recognizing it as a year.
02:18If we are getting this restricted contribution, then we are not recognizing it as a year.
02:38If we are getting this restricted contribution, then we are not recognizing it as a year.
02:49If we are getting this restricted contribution, then we are not recognizing it as a year.
03:04If we are getting this restricted contribution, then we are not recognizing it as a year.
03:19If we are getting this restricted contribution, then we are not recognizing it as a year.
03:34If we are getting this restricted contribution, then we are not recognizing it as a year.
03:49If we are getting this restricted contribution, then we are not recognizing it as a year.
04:06If we are getting this restricted contribution, then we are not recognizing it as a year.
04:18If we are getting this restricted contribution, then we are not recognizing it as a year.
04:38If we are getting this restricted contribution, then we are not recognizing it as a year.
04:48If we are getting this restricted contribution, then we are not recognizing it as a year.
05:03If we are getting this restricted contribution, then we are not recognizing it as a year.
05:18If we are getting this restricted contribution, then we are not recognizing it as a year.
05:40If we are getting this restricted contribution, then we are not recognizing it as a year.
05:48If we are getting this restricted contribution, then we are not recognizing it as a year.
06:19If we are getting this restricted contribution, then we are not recognizing it as a year.
06:34If we are getting this restricted contribution, then we are not recognizing it as a year.
06:48If we are getting this restricted contribution, then we are not recognizing it as a year.
07:06If we are getting this restricted contribution, then we are not recognizing it as a year.
07:18If we are getting this restricted contribution, then we are not recognizing it as a year.
07:38If we are getting this restricted contribution, then we are not recognizing it as a year.
07:49If we are getting this restricted contribution, then we are not recognizing it as a year.
08:01If we are getting this restricted contribution, then we are not recognizing it as a year.
08:18If we are getting this restricted contribution, then we are not recognizing it as a year.
08:38If we are getting this restricted contribution, then we are not recognizing it as a year.
08:48If we are getting this restricted contribution, then we are not recognizing it as a year.
09:03If we are getting this restricted contribution, then we are not recognizing it as a year.
09:18Next, we have another restricted contribution in which the donor says the purpose and does not say the purpose.
09:25Next, we have another restricted contribution in which the donor says the purpose and does not say the purpose.
09:49Next, we have another restricted contribution in which the donor says that you have to buy playground equipment.
09:57Next, we have another restricted contribution in which the donor says that you have to buy playground equipment.
10:04This means that this contribution is only for the equipment.
10:10So, you will have to buy the equipment.
10:13And what is equipment? It is depreciable.
10:16So, what will we do with the grant we get on this?
10:19We will write it in liabilities and over the life of assets.
10:22What will we do with this? We will keep making income.
10:24Right, friends? This is one thing.
10:27The second thing is that you have to make an improvement.
10:32Improvement to playground equipment.
10:44What is the purpose of both?
10:46Playground equipment. What is there in both?
10:49There is playground equipment in both. Isn't it?
10:52There is playground equipment in both.
10:53What is it saying in one place?
10:54That you have to buy playground equipment.
10:56And what is it saying in the other place?
11:07Right, friends? What is it saying in one place?
11:09It is saying playground equipment.
11:12And what is it saying in the other place?
11:13Improvement.
11:15Now, improvement is a generalized thing.
11:17You have to improve playground equipment.
11:20Now, there is a difference in both.
11:23In this, you will make income.
11:25In this, you will recognize this grant as revenue.
11:30Revenue.
11:32It is appreciable asset, isn't it?
11:33Revenue will be recognized over the life of assets.
11:40No one will teach you NPO.
11:43Go and watch it on YouTube.
11:46Today, Islam has come later.
11:48That is why the value has decreased.
11:50You have reduced the value.
11:52Revenue will be recognized over the life of assets.
11:58Brother, what will be recognized as revenue?
12:00Over the life of assets.
12:03This is the case above.
12:05This is the same case.
12:07There is playground equipment.
12:08It is appreciable.
12:09You will get contribution on it.
12:11You will write in deferred income liability.
12:13And over the life of assets, depreciation will come.
12:16Contribution will come from there.
12:17You will be cancelled in it.
12:19Is it right?
12:21Secondly,
12:22Contribution is also available here.
12:25But for what?
12:26For improvement.
12:27As soon as you improve,
12:29Because you do not have a specific purpose.
12:31It is a generalized purpose.
12:32So, as soon as you improve,
12:34Make the entire contribution income.
12:36Depreciate it with the asset.
12:38Because what was your purpose?
12:40Improvement.
12:41Contribution was 1 billion, 1 trillion, 1 lakh.
12:44As soon as you improved it,
12:47Repair and maintenance got improved.
12:49What will you do with it?
12:50After improvement.
12:52May recognize
12:56Revenue
13:00In the year
13:04In which
13:08Improvement is done.
13:12As soon as the improvement is done,
13:14Revenue will be recognized.
13:18Any objection?
13:20Now, read all the types.
13:22Restricted contribution.
13:24Tell whether it is clear or not.
13:26Close it.
13:28When will you close it?
13:30Then run it again.
13:32Recall all these.