NPO LEC 02 Part 5_6 Fee for Service and Contribution

HM RANA UMAR FAROOQ  The best teacher of CMA USA

Watch NPO LEC 02 Part 5_6 Fee for Service and Contribution - HM RANA UMAR FAROOQ  The best teacher of CMA USA on Dailymotion

Transcript

00:00If you have any problem with the kids, ask them.

00:07You don't understand anything, do you?

00:10Look at his face.

00:13You don't understand anything?

00:15Why are you making such a dirty face?

00:16Look, there are two things.

00:18You can't control your face.

00:21You can't control your face.

00:23God can control your face.

00:25You can't control your face.

00:26You can't control what you say.

00:27If you don't have a good face, you can still say good things.

00:33Some people have a good face.

00:36But they ruin their face with their actions.

00:40Our Kari Sahib, where I did my Hifaz, had a very nice incident.

00:44He used to say that the face of a human being is like a mirror,

00:47which is read by those who read it.

00:50The light of good deeds and the evil of bad deeds,

00:53are ready on the face.

00:54What happened?

00:56What did you say?

00:59What did you say?

01:01The face of a human being is like a mirror.

01:04You will often see,

01:06all the criminals who kill and loot,

01:09look at their faces.

01:11As soon as they are caught, they say,

01:13the face is like a mirror.

01:15Is this right?

01:21Okay?

01:23And those who are decent,

01:25read the Quran,

01:27read the five prayers,

01:29their faces are cursed like this.

01:31This is also a form of prayer.

01:33That is why,

01:35the face of a human being is like a mirror.

01:38You must have seen many people in the hostel,

01:40changing their faces.

01:42When they came, they were crying.

01:44Then they changed their faces.

01:46Then they changed their faces.

01:48It can be a disease.

01:50It can be a problem.

01:52As it is, every bad habit is a disease.

01:54What is every bad habit?

01:56It is a disease.

01:58But still,

02:00the more you think well,

02:02the more you speak well,

02:04it will reflect on your face.

02:06The more you think bad,

02:08bad hormones are created.

02:10Where will the bad hormones go now?

02:12They will come out of your face like this.

02:14So,

02:16protect your face

02:18from bad hormones

02:20and from the bad hormones inside you.

02:22Okay?

02:24What is the next question?

02:34Is the joining fee and membership fee done?

02:36Next.

02:40Fee

02:42for service

02:44which you get from there.

02:46If you want to play cricket,

02:48you will play cricket.

02:50If you want to join a gym,

02:52you will join a gym.

02:54Okay.

02:56What is next?

02:58Fee for service

03:00and or contribution.

03:02In the beginning,

03:04there is a treatment for contribution.

03:06Restricted contribution.

03:08Unrestricted contribution.

03:10Endowment fund contribution.

03:12If a member contributes to you,

03:14you have to separate it from the membership fee.

03:16Fee for service.

03:18What is membership fee for?

03:20So that you can take benefit from there.

03:22Contribution means

03:24donation.

03:26Contribution is just like

03:28just like donation.

03:32So, the year you get it,

03:34you will get it back.

03:36In the year of receipt.

03:42And this donation

03:44does not go to the subscription account.

03:50If there is an objective in the paper.

03:53In the long question,

03:55two or four mistakes also work.

03:57No matter, two or four mistakes happen,

03:59still the number comes.

04:01But in the objective,

04:03the mistake is not judged.

04:05If in the objective,

04:07they tell you that

04:09members have given so much cash

04:11and have given so much contribution

04:12and he will say

04:14tell me this year

04:16what will be the subscription income?

04:18I just told you T-account.

04:20Subscription income and

04:22there is a hell of difference

04:24in subscription received

04:26and subscription income.

04:28Cash received from customer

04:30is not income.

04:32The one who sells is income.

04:34If he gives extra cash,

04:36then liability.

04:38If he gives less cash,

04:40then receivable.

04:42If you ask subscription income,

04:44there will be more answers.

04:46If you ask subscription received,

04:48there will be more answers.

04:50Do you understand?

04:52Received is in cash.

04:54Income is on accrual basis.

04:56Income is on which basis?

04:58Didn't you understand anything?

05:00So, subscription received

05:02and subscription income

05:04there is a hell of difference in both.

05:06Subscription received

05:08comes on the credit side of the subscription account.

05:10Cash received from members

05:12comes on the debit side of the subscription account.

05:14If you have to make a subscription account

05:16and the questioner has said

05:18that there is so much donation or contribution,

05:20then we will make it a foreign income.

05:22Okay, brother?

05:24And include it in the subscription account.

05:26We will write separately in the subscription.

05:28This is the membership fee.

05:30Opening, closing, accrual, etc.

05:32And the contribution of the donation received from it,

05:34minus it,

05:36the rest will be left,

05:38we will write it in the subscription account.

05:40So, we have studied both of this.

05:42Contribution was studied first

05:44and membership fee was studied later.

05:46Okay, friend?

05:48If in that paper it is said that

05:50total cash received is this much

05:52and contribution is this much from this

05:54and from this

05:56your membership fee is this much,

05:58then what will you do?

06:00You will separate the membership fee

06:02and take it in the subscription account.

06:04And the contribution received from the members,

06:06what will you do immediately?

06:08You will make it an income.

06:10Did you understand this point?

06:12This

06:14is an example,

06:16example number 9.

06:18Example number 9 in ICANN study text.

06:21And in our book,

06:23this becomes example number 4.

06:28Let's see how much we understand.

06:30At this point,

06:32we have to learn only one thing

06:34that contribution and subscription

06:36should not be dealt in one account.

06:38Subscription is another thing

06:40and contribution is another thing.

06:42Contribution is just like

06:44you are contributing,

06:46you are donating.

06:48You are donating for anything.

06:50But membership fee is that

06:52I have to take benefit from here.

06:54That is why membership fee is

06:56also called fee for service.

06:58Because I have to take membership

07:00so that I can take services from here.

07:02Donation is not because

07:04I can take any benefit.

07:06Donation can be for any purpose.

07:08It can also be restricted

07:10and unrestricted.

07:12For example,

07:17ABC golf club.

07:21Example number 4 in our book

07:23and example number 9

07:25in Lahore book.

07:42For example,

07:44I have to take benefit

07:46from this.

07:48I have to take benefit

07:50from this.

07:52I have to take benefit

07:54from this.

07:56I have to take benefit

07:58from this.

08:00I have to take benefit

08:02from this.

08:04I have to take benefit

08:06from this.

08:08I have to take benefit

08:10from this.

08:12I have to take benefit

08:14from this.

08:42I have to take benefit

08:44from this.

09:12I have to take benefit

09:14from this.

09:42I have to take benefit

09:44from this.

10:12I have to take benefit

10:14from this.

10:16I have to take benefit

10:18from this.

10:20I have to take benefit

10:22from this.

10:24I have to take benefit

10:26from this.

10:28I have to take benefit

10:30from this.

10:32I have to take benefit

10:34from this.

10:36I have to take benefit

10:38from this.

10:40I have to take benefit

10:42from this.

10:44I have to take benefit

10:46from this.

10:48I have to take benefit

10:50from this.

10:52I have to take benefit

10:54from this.

10:56I have to take benefit

10:58from this.

11:00I have to take benefit

11:02from this.

11:04I have to take benefit

11:06from this.

11:08I have to take benefit

11:10from this.

11:13I have to take benefit

11:15from this.

11:17I have to take benefit

11:19from

11:36this.

11:38I have to take benefit

11:40from this.

Category

Transcript

Recommended