Npo,partnership

This query is : Resolved

Prasanna K.Baral (Querist)
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17 September 2011 Dear Sir,Very Goodafternoon.

1:Please,tell me the treatment of following and suggest the ICAI Guidlines specifying their treatmet.

Example:Pavillion Fund Rs.4,00,000
Pavillion construction in progress Rs.3,00,000.

2:Sir,what is the logic of calculating Average Capital Employed and which of three suggested methods is rightly used?

CA Pushpendra Gaur

CA Pushpendra Gaur (Expert)
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29 September 2011 Pavillion fund is to be shown on the liabilty side
and the amount of pavilion construction in progress to be shown below fixed ASssets at Capital work in progress