KARACHI MEMON STUDENT'S ORGANIZATION ( UNDER THE PATRONAGE OF WORLD MEMON ORGANIZATION ) INCOME AND EXPENDITURE ACCOUNT FOR

THE MONTH OF OCTOBER 31, 2011.

INCOME: Membership fees and others Other income Donation EXPENDITURES: Salaries News paper expense Printing and stationery Rent Communication and conveyance Electricity expense Telephone expense Repair and Maintenance expense Professional Fee Miscellaneous expense Generator running expense Depreciation expense Deficit / Surplus for the period 11,300 900 0 6,367 330 5,400 600 1,460 0 1,448 5,900 8,485

RUPEES 3,100 0 50,000 53,100

(42,190) 10,910

GEN. SECRETARY

TREASURER

KARACHI MEMON STUDENT'S ORGANIZATION ( UNDER THE PATRONAGE OF WORLD MEMON ORGANIZATION ) CASH FLOW STATEMENT FOR THE MONTH OF OCTOBER 31, 2011.

AMOUNT Opening Balance

Cash Bank 2,395 2,159 4,554

Add: Receipts
Membership fees and others Account payble Donation 3,100 7,000 50,000 64,654

Less: Payments
Salaries News paper expense Printing and Stationery Communication and Conveyance Electric Bill expense Telephone expense Repair and Maintenance expense Professional Fee Miscellaneous expense Account Payble Generator running expense 11,200 0 0 330 3,500 600 1,460 7,000 1,448 25,000 5,900

(56,438) 8,216

Represented By:
Cash Bank 605 7,611 8,216

Total

GEN. SECRETARY

TREASURER

KARACHI MEMON STUDENT'S ORGANIZATION ( UNDER THE PATRONAGE OF WORLD MEMON ORGANIZATION ) NOTES TO THE ACCOUNTS FOR THE MONTH OF OCRTOBER 31, 2011.
1 GENERAL FUND
Opening balance Add: Deficit / Surplus for the period General fund

RUPEES
316,199

10,910
327,109

2 OPERATING FIXED ASSETS

DEPRECIATION Rate For the % month 25 15 0 33 0 25 10 20 20 30 20 10 6,260 639 113 57 12 598 593 38 3 172 Book Value Accumulated As at Depreciation 30-08-2010 25,040 2,556 452 228 48 2,392 2,372 152 12 688 275,435 48,547 1 3,646 1 2,497 1,390 33,492 33,229 1,376 190 19,887

DESCRIPTION Renovation Work Electric Installation Library books Computers Office Equipments Water Coolers Water Tank Generator Furniture Water Connection Motor Connection Steel Lockers Total

As at Addition 01-07-2010 / Deletion 300,475 0 0 0 0 0 0 0 0 0 0 0 0

Total Value 300,475 51,103 1 4,098 1 2,725 1,438 35,884 35,601 1,528 202 20,575

51,103 1 4,098 1 2,725 1,438 35,884 35,601 1,528 202 20,575 453,631

453,631

8,485

33,940

419,691

GEN. SECRETARY

TREASURER

KARACHI MEMO STUDENT'S ORGANIZATION ( UNDER THE PATRONAGE OF WORLD MEMON ORGANIZATION ) ACCRUED EXPENSES FOR THE MONTH OF OCTOBER 31, 2011.

AMOUNT Salaries Expense News paper Expense Telephone Bill Expense Professional Fee Electric Bill Expense TOTAL 11,300 1,619 600 0 5,400 18,919

GEN.SECRETARY

TREASURER

KARACHI MEMON STUDENT'S ORGANIZATION ( UNDER THE PATRONAGE OF WORLD MEMON ORGANIZATION ) BALANCE SHEET AS AT 31, OCTOBER , 2011.
30-08-2010 AMOUNT 30-08-2010 AMOUNT

CAPITAL AND LIABILITIES FUNDS AND LIABILITIES General fund

PROPERTY & ASSETS ASSETS

327,109

Fixed assets

419,691

Building fund

340,000

Study center premises

340,000

CURRENT LIABILITIES Accrued expenses Loan payable Rent payable 18,919 86,745 12,734

CURRENT ASSETS Receivable ( Altaf Siddique ) Cash Bank 17,600 605 7,611

TOTAL

785,507

TOTAL

785,507

Prepared as per detail and information provided.

GEN. SECRETARY

TREASURER

KARACHI MEMON STUDENT'S ORGANIZATION ( UNDER THE PATRONAGE OF WORLD MEMON ORGANIZATION ) INCOME AND EXPENDITURE ACCOUNT FROM JULY 01, 2011 TO OCTOBER 31, 2011

INCOME:
Donation

RUPEES 125,000 6,800

357

Membership fees and others

Other Income

132,157 EXPENDITURES: Salaries News paper expense Rent expense Printing and stationery Communication and conveyance Electricity expense Telephone expense Repair and maintenance expense Miscellaneous expense Professional Fee Generator running expense Depreciation expense Deficit / Surplus for the period 47,400 3,441 25,468 418 930 15,800 2,800 3,830 1,594 0 11,000 33,940 (146,621) (14,464)

GEN. SECRETARY

TREASURER

KARACHI MEMON STUDENT'S ORGANIZATION ( UNDER THE PATRONAGE OF WORLD MEMON ORGANIZATION ) NOTES TO THE ACCOUNTS FROM JULY 01, 2011 TO OCTOBER 31, 2011.
1 GENERAL FUND
Opening balance Add: Deficit / Surplus for the period General fund

RUPEES
341,573 (14,464) 327,109

2 OPERATING FIXED ASSETS

DEPRECIATION Rate For the % month 25 15 0 33 0 25 10 20 20 30 20 10 6,260 639 113 57 12 598 593 38 3 172 Book Value Accumulated As at Depreciation 30-08-2010 25,040 2,556 452 228 48 2,392 2,372 152 12 688 275,435 48,547 1 3,646 1 2,497 1,390 33,492 33,229 1,376 190 19,887

DESCRIPTION Renovation Work Electric Installation Library books Computers Office Equipments Water Coolers Water Tank Generator Furniture Water Connection Motor Connection Steel Lockers Total

As at Addition 01-07-2010 / Deletion 300,475 0 0 0 0 0 0 0 0 0 0 0 0

Total Value 300,475 51,103 1 4,098 1 2,725 1,438 35,884 35,601 1,528 202 20,575

51,103 1 4,098 1 2,725 1,438 35,884 35,601 1,528 202 20,575 453,631

453,631

8,485

33,940

419,691

GEN. SECRETARY

TREASURER

KARACHI MEMON STUDENT'S ORGANIZATION ( UNDER THE PATRONAGE OF WORLD MEMON ORGANIZATION ) CASH FLOW STATEMENT FROM JULY 01, 2011 TO OCTOBER 31 , 2011.

AMOUNT Opening Balance

Cash Bank 1,323 4,543 5,866

Add: Receipts
Donation Membership fees and others Other Income Account Payable 125,000 6,800 357 57,000 195,023

Less: Payments
Salaries News paper expense Printing and Stationery Communication and Conveyance Electricity expense Telephone expense Repair and Maintenance expense Miscellaneous expense Generator running expense Professional Fee Rent Paybale Account Payable 47,800 2,700 418 930 10,400 2,900 3,830 1,594 11,000 7,000 31,835 66,400 (186,807) 8,216

Represented By:
Cash Bank 605 7,611 8,216

Total

GEN. SECRETARY

TREASURER