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00:00The Jeevachar Party, whatever we have read so far, is nothing but a Muslim silo.
00:07Whatever we have read so far, is nothing but a Muslim silo.
00:30Whatever we have read so far, is nothing but a Muslim silo.
00:50Our next issue is investment income.
01:00If a not-for-profit organization invests, then how do we treat the investment income that comes with it?
01:18If we have invested these funds in the endowment fund.
01:23What did we read in the endowment fund?
01:28We cannot use the principal in the endowment fund.
01:35Only the investment income can be used for that.
01:39We have to keep the principal safe in the endowment fund.
01:42If I have invested in the endowment fund, and if there is an investment income on that, then where will it go directly?
01:51It will go directly to the net assets, and where will it be added?
01:55It will be added to the endowment fund.
01:58So, it will not come on the face of the income and expenditure.
02:01It will not come on the face of the income and expenditure.
02:06But if there is another investment income, then just like any other investment income,
02:15if there is another investment income,
02:22any other investment income with no restriction,
02:35if there is no restriction on it, then where will it go?
02:41It will go to the income and expenditure account.
02:45If there is a restricted fund, then it will also go directly to that fund.
02:50We process it from the income and expenditure.
02:52So, if there is any other investment income, then we will treat it like contributions.
02:59If you have made an investment income, then this is neither a membership subscription,
03:06nor have you joined, nor have you made an investment from the canteen,
03:11nor have you made a concert or an event.
03:16So, this is not of any type.
03:18We had read on the first day, what can be the income?
03:20Contribution, membership fee, or membership subscription.
03:25Apart from this, we had said that there can be an income from an event.
03:28So, whatever list we had made, it did not fall anywhere.
03:32So, what will we deal with it?
03:33Where will we write contribution and membership?
03:36We will write income and expenditure.
03:38But if there is an endowment fund or a restriction,
03:41then we will see its basic treatment.
03:43If there is an endowment fund, then it will not come from income and expenditure,
03:46then membership will be added.
03:47And if there is any other restricted fund,
03:50then if there is a restriction on the incoming income,
03:53that you cannot use this income,
03:55but if you want to use it for a specific purpose,
03:58then it will be added directly to the fund.
04:00If there is no restriction,
04:02then just like contribution,
04:04we will take it directly on whose face?
04:06We will take it on the face of income and expenditure.
04:09Let's see if it is clear or not.
04:30.
04:53Is it clear, friends?
04:55Does anyone have a problem?
04:57Keep in mind that if that fund is investing somewhere,
05:01or if it has given a loan to someone,
05:03then we will have to see which money is in its investment.
05:06If someone has been given a loan from an endowment fund,
05:09and interest income is coming from there,
05:11then that interest income will go directly to the endowment fund.
05:13It will not go on the face of income and expenditure.
05:16Next, we have profit from running an operation.
05:21Profit from running an operation.
05:33What can this be?
05:35It can be a canteen.
05:37It can be a coffee bar.
05:40If we make a profit from this,
05:48then we will take it on our income and expenditure.
05:50And I told you on the first day,
05:52that if they give you the data of a particular canteen,
05:56then what do you have to do separately?
05:58You have to open the working.
06:00You don't have to scribble on the face.
06:02You have to open the working.
06:04You have to write separately on it.
06:06You have to write sales,
06:08you have to write CGS,
06:10you have to write operating expenses.
06:13After operating expenses, the profit that will come,
06:17what do you have to do with that profit?
06:20Income and expenditure.
06:23But remember one thing,
06:28the closing inventory in CGS,
06:32do not forget to write it in SOFP.
06:37It will come in current assets.
06:40And if there are any receivables due to sales,
06:44then they will also come in SOFP as current assets.
06:49The assets of this canteen,
06:52if there is a coffee-making machine in the canteen,
06:57whether it is a coffee-making machine or something else,
07:01then the depreciation on it will come here.
07:04All operating expenses,
07:07operating expenses,
07:09salaries,
07:17salaries,
07:19other expenses, even depreciation.
07:25The equipment,
07:27which asset is being used for the canteen,
07:31its depreciation will be reduced from here.
07:34Its depreciation,
07:37its depreciation will be reduced from there.
07:40Other than this,
07:41apart from the canteen,
07:42if there is a building,
07:43if there is any other equipment,
07:45if there is any other asset,
07:47its depreciation will go on the basis of income and expenditure.
07:50Where will it go?
07:51But where will the depreciation of the canteen go?
07:54It will go to the canteen.
07:55Do not take that base.
07:56All the expenses of the canteen will go here.
07:59But the non-current assets of the canteen,
08:03where will they go?
08:05So, if you are going to run a business, you are going to run it in a way that you are
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