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00:00contribution. Contribution can be of three types. One is the contribution of the individual
00:31One can be restricted. One can be endowment. And the third contribution can be unrestricted.
00:51In this contribution, why did you not write the general fund?
01:00Because we have our own income. We take what we earn in the general fund.
01:07We take what we earn from our operations in the general fund.
01:14These are the three contributions. Which one?
01:19Restricted contribution is used to purchase a particular asset.
01:26If someone gives you a contribution to purchase a particular asset for a particular purpose,
01:33it cannot be used elsewhere. That is what we call restricted contribution.
01:40But you can use the principle in that purpose.
01:45There is no objection to the principle.
01:52But what did we learn in the endowment fund?
01:57In the endowment fund, you do not use the principle.
02:01You only use the income. The principle will be safe and present in its place.
02:06And what else do we have?
02:08Unrestricted contribution.
02:11What do we call unrestricted contribution?
02:15It is a contribution that is neither restricted nor endowment.
02:22It is neither restricted nor endowment.
02:27It is unrestricted contribution.
02:40Yes.
02:51In our book, this is page number 549.
02:55And there are 13 examples.
02:57And in the book of Lahore, you must have seen it.
03:02In the name of iCAP Example 2.
03:04I have told you the page number of my book.
03:08Page number 549.
03:12And in the book of Lahore, iCAP Example 2.
03:18Page number 868.
03:20Page number 868.
03:24In this, there is an example.
03:26And in the paper, the objective can be identified.
03:30Is it restricted, is it an endowment fund or is it unrestricted?
03:34Do not look at the answer.
03:36First, you have to guess.
03:38There is a book and there is an answer.
03:39Do not look at the answer later.
03:40First, you have to find out the answer.
03:42Is it an endowment fund or is it restricted or unrestricted?
03:50If you do not see the answer,
03:51if you see the answer,
03:52then keep a marker,
03:53keep a calculator.
03:54First, you have to decide.
03:57This can come in the objective paper.
04:06This can come in the objective paper.
04:36This can come in the objective paper.
05:06This can come in the objective paper.
05:37It can come in the objective paper.
05:53Why are restrictions usually used?
05:55For some typical use.
05:57I will now explain its types in tricks now.
06:06If there is a time restriction, then it is not your wish.
06:09What will happen if it is restricted?
06:11It is used in the common court.
06:12But if it is time-restricted, then it is not done before the case.
06:14There will be a restriction.
06:36If there is a time restriction, then it is not done before the case.
07:03Consider the following independent circumstances.
07:30A healthcare NPO received 10 million from wealthy individuals
07:36subject to the condition that the amount shall only be used
07:40for acquisition of land for construction of a hospital in a specific village.
07:45It was a very difficult question, wasn't it?
07:47There is no time limit.
07:50If it was restricted for land, then it is in the restricted fund.
07:55A healthcare NPO received 25 million contributions in the year 2002.
08:03The sole purpose of the amount is to support NPO's general operation
08:08in the year 2004 and 2005.
08:11It is used only for general operation.
08:13It is not used for land building.
08:15If it is restricted for some other purpose, then it is used only for general operation.
08:20It is not used for any other purpose.
08:22It was a very difficult question.
08:23There is no time limit.
08:24If there is a problem in B, then it is used for entertainment in the front office.
08:32It is not used for any other purpose.
08:33Then you cannot buy cleaning material from it.
08:37Do you understand?
08:38If you want to use it only for printing, then you have to buy stationary material.
08:42You cannot use it for any other purpose.
08:44There is a restriction that you cannot use it for any other purpose.
08:48It was in the restricted fund.
08:49An educational NPO received a plot of land from Mr. Salman
08:55subject to the condition that this land shall only be used
09:00for construction of a primary education school.
09:03And it should be called dancing.
09:11It should be called dancing.
09:12It is being said.
09:15It should be used for this.
09:17For educational school.
09:21Contribution can be in cash or in the form of an asset.
09:27Contribution can be in cash.
09:29But if there is a restriction on its use, then it will be a restricted contribution.
09:34What will happen?
09:36It is said in D.
09:37An educational NPO received a plot of land from Mr. Jamal
09:42subject to the condition that the land or sale proceeds from its disposal
09:47shall only be used to achieve general objectives of that NPO.
09:52The fair value of the plot of land is 15 million.
09:56Yes.
09:57It is said that you have to keep the plot.
10:00You have to keep the plot.
10:01You have to sell it.
10:02You have to sell it.
10:03You can use the money that you get for what purpose?
10:05You can use it for a general purpose.
10:09What is a restricted fund for a particular purpose?
10:13And what is an endowment fund in which you do not have to use the principal?
10:16If it does not fall between these two, then in which will it go?
10:19What is the restriction on it?
10:21Whether you keep the land or not.
10:23You have to sell it.
10:24Sell it.
10:25So, it does not say that you have to use the land there
10:28or you do not have to use the proceeds of the land principal.
10:31Use it as you wish.
10:33So, there is no restriction on the land and its usage.
10:36You can keep the land.
10:37You can keep the land.
10:38So, what is it?
10:40What does it say at the end?
10:45An educational NPO received rupees 15 million from Illuminai donors
10:50subject to the condition that the principal balance shall be invested
10:54as per specified investment policy.
10:57NPO cannot use the principal.
11:02Principal.
11:04It cannot be used.
11:05So, what will it be?
11:08It is a very difficult question.
11:12So, to explain the question, the ICAP examiner will have to come himself.
11:16Son, I have asked this.
11:18Do you know the answer?
11:19Should I tell you?
11:21Those people who have a habit of seeing the answer immediately
11:24and cannot put a little weight on a small weak brain,
11:27what will they say?
11:28It would have been nice if we had got such an answer.
11:31So, he will say that we have the answer.
11:36Will you say?
11:37Brother, is this going on or is it just an answer from you?
11:40Okay.
11:43Does anyone have objections?
11:45Any objections?
11:46Okay.
11:48Now, what is their treatment?
11:50If you get any unrestricted contribution,
11:53there is no restriction,
11:54it will be made a foreign income.
11:58Immediately.
12:04Current year.
12:11If you have to give a contribution and there is no restriction,
12:14use it as much as you want.
12:15Whatever money you will get,
12:16what will you make with the help of Allah?
12:19There is no restriction on income.
12:22Okay.
12:23And what is the second contribution we have?
12:28What is the contribution, brother?
12:30Endowment contribution.
12:31What is endowment contribution, brother?
12:34It is directly said.
12:38It goes directly into net assets.
12:40Where does it go, brother?
12:45Oh, oh.
12:48Where will it go, brother?
12:49Directly.
12:51It will go into net assets.
12:55It has nothing to do with income and expenditure account.
12:59Okay.
13:12So, where does the endowment contribution go directly, brother?
13:17Give the statement.
13:18If it is net asset, it is fine.
13:19Otherwise, it will go directly into net assets,
13:21in working and from there it will go on the basis of SOFP.
13:24So, what was our contribution?
13:27Endowment contribution.
13:28Okay.
13:29Now, as a restricted contribution.
13:36Restricted contribution can be restricted for many purposes.
13:41It can be restricted contribution
13:43for expenses of current period.
13:45Current period.
13:53We want to help you with the expenses of this year.
13:56Because in loss,
13:57when we feel that we have to finish the deficit,
13:59we are giving this.
14:00You have to invest this money in your expenses.
14:02You don't have to invest anywhere else.
14:04There is an example lying behind.
14:05If he tells you that this is your daily expenditure,
14:08for current year.
14:09So, for which year is he getting money?
14:11For this year.
14:12So, that expenditure will also be of this year.
14:14The contribution that we get will also be of this year.
14:17So, what will we do?
14:18We will recognize this as revenue.
14:21We will write revenue with income.
14:24We will write revenue here.
14:29When will we record revenue?
14:32When will we record?
14:45Yes.
14:48Who?
14:49I didn't sleep.
14:56I was awake.
14:58I was alone at home.
15:00So, I was afraid to be alone.
15:03So, I used to turn on the lights and stay awake.
15:07Okay, that's right.
15:09The fear ends at dawn.
15:14It's not like that.
15:15Oh, hello.
15:16He said, it's not like that.
15:18Because you feel the blessings of Salah.
15:21By the way, it is said that at night,
15:23a hormone is released.
15:25I don't know where it is released from.
15:30I understood it.
15:32But at night, when I parked the car outside the house.
15:37I said, there is no one at home.
15:38What should I do?
15:39I am with a friend.
15:40I am at home.
15:41Then I started feeling that
15:42something can come from there.
15:43Something can come from there.
15:44Something can come from there.
15:45Something can come from there.
15:46I said, I don't want to go home.
15:48Then Allah put it in my heart.
15:50I am not as strong as Allah.
15:53So, I closed my heart.
15:54Believe me, this was the concept.
15:56I used to play like this at night.
15:57By 1.30 or 2.30, I used to roam like this.
15:59Alhamdulillah.
16:01Okay, like this.
16:02I used to go at 1.30 or 2.30.
16:04So, I went there.
16:05I parked the car.
16:06So, I went upstairs.
16:08When I went upstairs,
16:09the UPS was switched off.
16:10It was pitch dark.
16:13Because the charge in the solar panel
16:15used to run out.
16:16It used to run out.
16:17It used to run out.
16:19So, I switched on the mobile light.
16:21I went home.
16:22I saluted to Allah with respect.
16:24I saluted to Allah with respect.
16:29I didn't just salute to Allah.
16:30I didn't just salute to Allah.
16:31If there was a response,
16:32I would have returned.
16:34If there was a response,
16:35I would have said,
16:36you go ahead, I am going.
16:39Then, the light was on.
16:40Then, the light was on.
16:41Now, I used to make a gesture.
16:43Now, if I make a gesture,
16:44I am afraid that someone might stand behind me.
16:47I am afraid that someone might stand behind me.
16:49Now, if someone comes behind me,
16:50I am afraid that someone might stand behind me.
16:53Then, I didn't do this.
16:54I used to look at the Rukuh.
16:57I didn't do this.
17:03Then, when I went to the Rukuh,
17:04I used to make the Rukuh long.
17:06I thought, this is how Allah will save me.
17:08Then, for 3 or 4 times,
17:11I could see why he has done it.
17:13I didn't understand why I was so afraid.
17:17In that same Mosque,
17:18if I sleep in the other room,
17:20I don't get scared.
17:21If I sleep in one more room,
17:22I don't get scared with that person.
17:24There is a strange phenomenon
17:27that happens due to one's will 3-7 times.
17:31This phenomenon is reported
17:33due to my friend.
17:35Normally, this phenomenon
17:36And that causes fear.
17:38That's why some hormones are of happiness, some are of sorrow, some are of fear.
17:44So which hormone comes out first?
17:48Fear.
17:50Brother, what was this?
17:52You know, right?
17:54I used to work on my laptop.
17:56I used to work on my mobile.
17:58Sometimes I used to watch the title of a video.
18:00Sometimes I used to make a video.
18:02I used to come and go.
18:04I used to make a video.
18:06I used to come and go.
18:08I used to upload it on the channel.
18:10So what do you call it?
18:12So I did that.
18:14When Fajr came, I read Nawaz.
18:16Then I got tensed again.
18:18I slept for two hours.
18:20On top of that, there was a problem with sleep.
18:22Okay, listen.
18:24The last video I made at night,
18:26Do you know what was its title?
18:28Side effects of late sleeping.
18:30I made my last video.
18:32I made my last video.
18:34What can be the side effects of late sleeping?
18:36So I said, I have to face it myself today.
18:38Then he said,
18:40I will upload it.
18:42Okay.
18:44If you don't watch it, there is no tension.
18:46Someone will watch it.
18:48Someone will watch it.
18:50Okay, Farhad.
18:52What was I telling you?
18:54Before Haroon.
18:56Haroon or Haroon.
18:58There is no time for this.
19:00Restricted Fund.
19:02What was it?
19:04You didn't sleep at night.
19:06Yes.
19:08I was sleepy.
19:10I was showing the work here too.
19:12I said, let's sleep here today.
19:14Farhad, let's go to the kids.
19:16Restricted Contribution
19:18for Expenses
19:20of Current Period.
19:22The house
19:24where I have spent my whole life,
19:26I can't sleep on its roof.
19:28When I used to go,
19:30I used to sleep with my mom and dad.
19:32I used to say, no one bothers me on the roof.
19:34And once this happened.
19:36I was lying down.
19:38He came from behind and did this.
19:40Like this.
19:42I bowed.
19:46Yes.
19:48Genie.
19:50He came and did this.
19:52I said, man, go.
19:54I bowed.
19:56Have you ever felt this?
19:58Have any of you?
20:00Have you felt this?
20:02Has anyone else?
20:04This is a creature.
20:06And it is many times more than humans.
20:08If you want to stay, you will stay in your room.
20:10These poor people will not stay on the road.
20:12So, it is not in your room.
20:14Why would it be in your room?
20:16Maybe.
20:18Maybe they have a hospital too.
20:20When they go,
20:22take it and go.
20:24Restricted contribution.
20:26If we are getting it.
20:28And for this year's expenses.
20:30So where will it go?
20:32We will call it revenue.
20:34In the current year.
20:36But if we are getting it.
20:38For expenses of future period.
20:40Or future years.
20:44Current period and future period.
20:46So what will we do with it?
20:48Like you have a little concept in Government Grant.
20:50That a Government Grant.
20:52Which is related to years.
20:54We call it Deferred Income.
20:56What do we write?
20:58What will we make it here?
21:00Deferred Income.
21:02If we have got it as a future period.
21:04Then what will we do with it?
21:06We will make it Deferred Income.
21:08And we will record it as Revenue.
21:12Which is related to years.
21:14So we will record Revenue.
21:16In future years.
21:18So these are numbers for free.
21:20When a child eats Twist.
21:22That you will earn money.
21:24So you just have to read carefully.
21:26What is the question?
21:28If it is related to current year.
21:30Then what will we make?
21:32We will make Income.
21:34If it is related to future year.
21:36Then what will we make?
21:38We will make Deferred Income.
21:40And if they have given this restricted contribution.
21:42For.
21:44Purchase of Capital Assets.
21:48Purchase of Capital Assets.
21:52If they have given this contributed.
21:54For whom?
21:56For purchase of.
21:58Because you have to buy this asset.
22:00Nothing else.
22:02So it can be of two types.
22:04It can be depreciable.
22:06And it can be non depreciable.
22:12This is a tricky point.
22:14Interesting.
22:16Interesting.
22:20Okay.
22:22The easiest point.
22:24If they have given this for land.
22:26For whom?
22:28For land.
22:30But land is non depreciable.
22:34If land is not depreciable.
22:36Then this will never come.
22:38Income Expenditure.
22:40This.
22:42Never.
22:46Will come.
22:48Where?
22:50Where will it not come?
22:52Income Expenditure.
22:54This is what you call.
22:56And it comes.
22:58Okay.
23:00So Income Expenditure will call it.
23:02To come.
23:04But I don't come.
23:06Okay.
23:08What will come?
23:10This never comes in Income Expenditure.
23:12So where will it go directly?
23:14In Net Assets.
23:22Where will it go directly?
23:24If we get a restricted fund.
23:26For whom?
23:28For Capital Assets.
23:30And what are those capital assets?
23:32Non depreciable.
23:34If it is non depreciable.
23:36That asset.
23:38It will not come in Income Expenditure.
23:40And there is no depreciation on it.
23:42That means.
23:44It will not come in Income Expenditure.
23:46When Expense is not coming in Income Expenditure.
23:48So that contribution.
23:50How can income make it in Income Expenditure?
23:52But when depreciable asset.
23:54There is a plant.
23:56So where does the depreciation of the plant come?
24:00Where will the depreciation of the plant come?
24:02On Income Expenditure.
24:04So the contribution we have got on this.
24:08What have we got?
24:10So that too.
24:12Over the life of asset.
24:14Where will the income come?
24:18In Income Expenditure.
24:22Know the difference and live.
24:26An asset will not come on Income Expenditure.
24:28So the country to meet it.
24:30This is a very important point.
24:32From here you will rotate the paper.
24:34And when you leave the exam hall.
24:36You and other children will be differentiated.
24:38You have to understand these things.
24:42Which contribution is going where?
24:44PNL related to this year.
24:46Deferred Income related to next year.
24:48PNL.
24:50If you are getting from a non-depreciable asset.
24:52Non-depreciable asset does not come in Income Expenditure.
24:54Asset again and again.
24:56There is no depreciation in SOF.
24:58It will not come in Income Expenditure.
25:00Its effect will not come in Income Expenditure.
25:02So the contribution from it.
25:04That will also come in Income Expenditure.
25:06But if it is a depreciable asset.
25:08Where will its depreciation come?
25:10In Income Expenditure.
25:12And for the help of this.
25:14We have got a contribution.
25:16So as many years the asset will run.
25:18As many years the contribution will run.
25:20Over the life of the asset.
25:22What will it do to depreciation?
25:24Depreciation Expense.
25:26Contribution Income.
25:28We do not have to make all the contributions.
25:30In the first year.
25:32To make the contribution income.
25:34To make the contribution income.
25:36One minute.
25:42This is very important.
25:44These two are easy.
25:46Land.
25:48Conceptually.
25:50Land is not depreciable.
25:52When it does not come in Income Expenditure.
25:54Then the contribution income.
25:56Will not come here.
25:58It will remain in the fund.
26:00Land will also remain in the fund.
26:02This means there can be 3-4 funds.
26:04Listen.
26:06This means there can be 3-4 funds.
26:08General Fund.
26:10Endowment Fund.
26:12Special Fund.
26:14Land Fund.
26:16Non depreciable.
26:18Listen.
26:20Common sense.
26:26If you are getting a contribution.
26:28Related to a tractor.
26:32Will it go through Income Expenditure?
26:34Or will it go directly to SRP?
26:38Because the tractor is depreciable.
26:40If it comes to depreciation.
26:42Then the fund on it.
26:44It will become a tractor fund.
26:46What will it become?
26:48It will become a tractor fund.
26:50But what will be the over-the-life facet?
26:52What will it make of the tractor fund?
26:54Will make income.
26:56But the land fund will never make income.
26:58Very important.
27:02One or two interesting points.
27:04That's it.
27:06Nothing else.
27:08One thing is left.
27:10It is an example of a restricted fund.
27:12Repayment of loan.
27:14If someone gives you money.
27:16And says, I am giving you to repay the loan.
27:18Do not use it anywhere else.
27:20What will you do with it?
27:22It is an easy topic.
27:24What will you do at home?
27:26You are looking at the performance of income and SRP.
27:28You are looking at the performance of income and expenditure.
27:30You are looking at the performance of net asset.
27:32Different kinds of funds.
27:34Differentiate.
27:36And look at the contribution from here.
27:38This is what you have to do.
27:40This is what you have to do.
27:42Tomorrow, God willing.
27:44I will issue the rest in half an hour.
27:46I will take the pass paper tomorrow.
27:48Like the children who have read the rest of the topic from me.
27:50If you do the first pass paper.
27:52Four or five.
27:54God forbid.
27:56There are so many examples.
27:58What happens tomorrow?
28:00Tomorrow, God willing, I will take the pass paper.
28:02Tomorrow, God willing.