The pavilion constructed by the father at his expense is effectively a donation in kind (donation of a capital asset). It is added to the Capital/General Fund on the liabilities side (to record the donation) and also shown as a fixed asset (pavilion) on the assets side of the Balance Sheet.
Treatment of construction of pavilion is
CUET UG 2022 — Accountancy Financial Statements
2022mcqmedium
Treatment of construction of pavilion is
Official previous-year question
Held on 16 Jul 2022 · Verified 13 Jul 2026.
Options
- A
Added to general or capital fund and also shown on assets side of Balance sheet.
- B
shown only on assets side of Balance sheet
- C
Added to only capital fund
- D
debited to Income and expenditure account
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