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00:00No, friends. Is anyone having a problem?
00:04Clear?
00:05The last case we have is of restricted contribution.
00:09He is giving us restricted contribution for repayment of loan.
00:16All these can come in person as adjustments.
00:22Should we know about the card and the treatment?
00:24What should be taken?
00:27Non-current assets, if contribution is related to expenses, then it is restricted.
00:32If it is related to current years, then we will make income.
00:35If it is related to future expenses, then we will make deficit income.
00:38And when that expense goes away, then we will make income.
00:41We will recognize the revenue.
00:44And if it is a contribution related to non-depreciable assets, then we will take it directly to net assets.
00:48We will never make income.
00:50And if it is related to depreciable assets, then we will not take it to net assets,
00:54we will take it to liabilities.
00:56And over the life of assets, we will make its revenue.
00:59Third, if the purpose is declared,
01:02and it is like depreciable assets, then we will take it over the life of assets.
01:05And if the purpose is generalized,
01:07then when that purpose is fulfilled,
01:09the restriction that is there,
01:11as soon as it is fulfilled, the work will be done,
01:13then we will give revenue to everyone.
01:15Now what are we getting?
01:17We took a loan from people.
01:19We took a loan.
01:21And after taking the loan,
01:23someone gave us a contribution,
01:25that I give you money, you pay this loan.
01:28Now we saw that when we make income and expenditure accounts,
01:32then we wrote different incomes there.
01:35On this, we said that there can be a stall,
01:37there can be an event,
01:39there can be member subscriptions,
01:41there can be contributions.
01:44Now one person is contributing.
01:46You are saying that you are very worried.
01:48We have to give loans to people,
01:50so that someone contributes to us.
01:52So people said that you contributed.
01:54For what?
01:55For repayment of?
01:57Now we will see what purpose this loan was used for.
02:02The loan that you have to repay,
02:04the loan, for whom are you getting the contribution?
02:07For repayment of loan.
02:10So you can take a loan for any purpose.
02:13There is no food and drink at home,
02:16there is no need for it.
02:18You can also take a loan for daily expenses.
02:21There is a plant in the factory,
02:23there is no machinery,
02:25you can also take a loan for that.
02:27There is no land to set up a factory,
02:29you can also take a loan for that.
02:31So the purpose will be seen,
02:33for what purpose the loan is taken.
02:36Then the contribution to repay this loan,
02:39how to deal with it,
02:41for that the purpose of the loan is necessary.
02:44Now the loan can also be for expenses.
02:46Can it be for expenses?
02:48If we had taken this loan for expenses,
02:52then what do you think?
02:54Then this contribution should also be made.
03:00If it is related to this year,
03:02then what will we make this year?
03:04Avenue.
03:05Because the purpose has been fulfilled,
03:06the expenses have been made.
03:07And if it is related to future expenses,
03:09then what will we do with it?
03:10We will defer it.
03:11And when those expenses actually pay,
03:14then we will use this contribution.
03:17As soon as the purpose is fulfilled,
03:19for which we are using it,
03:20we will pay the income.
03:22Now I have written this myself,
03:23I have studied it.
03:24If it is related to current year expenses,
03:26someone said,
03:27you have taken money from people,
03:28take it.
03:29I gave you a contribution,
03:30you will immediately repay the loan.
03:31The purpose of that contribution is fulfilled,
03:33pay the income.
03:34But if someone gave a contribution,
03:36whatever will be the expense for the next 5 years,
03:39if you have taken a loan,
03:41I will give that loan.
03:42How much loan have you taken?
03:43I have taken 5 lakhs for 5 years.
03:44Why did you take it?
03:45So that the expenses run properly.
03:46Come on, I will give you a contribution to repay the loan.
03:49So now you have taken a loan for 5 years,
03:51so whenever you will pay it,
03:53whatever portion is there,
03:54what will you do with it?
03:55Income.
03:56And until that year does not come,
03:57then deferred income.
03:58And if it is deferred income,
03:59then what will you write in the book?
04:01Liability.
04:02Is it clear?
04:03I have done all the relate in the past.
04:05It was taught here too.
04:07So listen carefully again.
04:08Listen, listen.
04:09If someone gives you a contribution,
04:11related to the expenses of this year,
04:13then income,
04:14this year.
04:15If it is related to the future,
04:16then deferred income.
04:18Same here too.
04:19You have to repay the loan.
04:21For that, I am giving you a contribution.
04:23If you give the expenses of this year,
04:25then income, revenue.
04:26And if it is related to the next years,
04:27deferred income.
04:28You are this country.
04:29The problem is not the loan,
04:30the problem is the contribution.
04:32When to make the contribution income?
04:34Because the contribution will come
04:35on the face of the income and expenditure.
04:37When to make it income?
04:39If it is repayment of loan,
04:40then when I will repay the loan,
04:41this will be the entry.
04:42Loan, debit, cash, credit.
04:44The problem is the contribution.
04:45Contribution came.
04:46You gave the entry.
04:47Cash, debit.
04:48With whom should I credit?
04:50If it is related to the expenses of this year,
04:53then I will credit the teacher of income and expenditure.
04:55And if it is related to the future,
04:56then cash, debit.
04:57Deferred income credit.
04:59What will I do?
05:00Deferred income credit.
05:01Then over the years,
05:02keep debiting it.
05:03The story of the loan is different.
05:05That is different.
05:06When the loan came,
05:07what was the entry?
05:08Cash, debit.
05:09And when I will repay the loan,
05:10loan, debit.
05:11Cash, credit.
05:12The problem is the contribution.
05:13Contribution came.
05:14Cash, debit.
05:16Cash, debit.
05:17Now, the problem is related to the expenses of this year.
05:20So, I will credit the teacher of income and expenditure.
05:22And if it is related to the future,
05:23then cash, debit.
05:24Deferred income credit.
05:25When it will keep repaying,
05:27then the deferred income,
05:28that is debit.
05:29And the income and expenditure,
05:30I will credit.
05:31Right?
05:32I recalled this part of the expense portion.
05:34Then move on.
05:37The problem is the contribution.
05:38The problem is the loan.
05:39You don't want to get stuck in the loan.
05:41The problem is the contribution.
05:42How to treat that?
05:44And now,
05:45what is the purpose of the loan?
05:46If the purpose of the loan is expenses,
05:48then it is current,
05:49foreign income.
05:50If there is no future,
05:51then it is deferred income.
05:52See it clearly.
06:08Recall it.
06:20This is one of the best strategies.
06:23Whatever you have learnt,
06:24discuss it left and right.
06:25If something has gone inside,
06:26then it will come out.
06:28If nothing has gone inside,
06:29then what will come out?
06:31That is why,
06:32whenever you learn something,
06:33do it immediately.
06:35That is why,
06:36whenever you learn something,
06:37do it immediately.
06:38Do it left and right forcefully.
06:40So that,
06:41if there is something inside,
06:42then it will come out.
06:43Do it quickly.
06:44Discuss it for half a minute.
07:04Done?
07:23Same.
07:24What does it mean?
07:25This is actually,
07:27in the middle of the loan,
07:28only one word has come.
07:29Rest of the treatments are all the same.
07:31Current year expenses,
07:33income,
07:34future expenses,
07:35deferred income.
07:36If loan is related to depreciation,
07:38then?
07:39If net asset is related to depreciation,
07:40then?
07:41Deferred income.
07:42And over the life of asset,
07:43what will you make?
07:44Same.
07:46So don't worry,
07:47if you get a contribution for repayment of loan,
07:50then what will you treat it?
07:51It is the same treatment.
07:52If it is related to current year expenses,
07:54then whatever contribution you get,
07:55make it as income.
07:56You will get a loan.
07:57Because money will come,
07:58loan will be returned.
07:59If it is related to future,
08:00loan has to be returned in future.
08:01What to do about contribution?
08:03If it is related to future expenses,
08:05whenever that expense,
08:06loan will be utilized,
08:07then income.
08:08And if it is related to non-depreciable,
08:10then?
08:11Net asset.
08:12Loan is in the middle.
08:13But who took the loan?
08:15Related to non-depreciable asset.
08:17And related to non-depreciable asset,
08:19any contribution,
08:20if it is related to income and expenditure process,
08:22then direct net asset.
08:23And if it is related to depreciable,
08:25then?
08:26Depreciable.
08:27So what will they do?
08:28Deferred income,
08:29which is the contribution,
08:30for repayment of loan,
08:31which is used,
08:32which was used for the purchase of
08:34depreciable asset.
08:36So what will they do with it?
08:38It will be recognized as
08:39deferred income.
08:41And it will go to
08:42income and expenditure account
08:43over the life of asset.
08:45How much ever depreciation there is,
08:46it will go to income.
08:47What is the only difference between all these?
08:49Loan.
08:51Now recall.
08:52Again.
08:53If repayment of loan is for expenses,
08:55current year.
08:57If it is for current year,
08:59if it is for future year,
09:01or if it is for capital asset.
09:05If it is for capital asset,
09:06and what can it be?
09:08It can be depreciable and?
09:10Non-depreciable.
09:11It can be non-depreciable.
09:13You have to repeat all the things below.
09:15See if it is clear or not.
09:17Hurry up, kids.
09:18Good.
09:29Thank you.
09:59.
10:13.
10:26.
10:27.
10:28.
10:29.
10:30.
10:31.
10:32.
10:51In our book, there are 14-15 examples, but here there are only 2 examples.
11:00But if you see in the book of Lahore, the examples are coming in the name of i-caps-3-texts.
11:07Example 3, i-caps-3-texts. Example 4, i-caps-3-texts. Example 5.
11:13Yes, children, did you get it?
11:18Example 3.
11:20Example 3 is Ali Bhai.
11:22Example 3 is Ali Bhai.
11:24Example 4 is a social club.
11:27Example 5 is a cricket club.
11:30There are 3 examples.
11:34In our book, there are 14 examples and 15 examples.
11:42The third example is the one next to it.
11:44Check it with someone else.
11:45The examples are 14 and 15.
11:55The page number of our book is 552.
11:58What is the page number of Lahore's book?
12:00870.
12:03The page number of Lahore's book is 870.
12:11The page number of Lahore's book is 870.
12:16The page number of Lahore's book is 870.
12:18The page number of Lahore's book is 870.
12:25Let's quickly look at the example.
15:11Example 4.
15:14He says, Allah's name is forbidden.
15:18The whole night the truth was going on.
15:20Who was the one who woke up in the middle of the night and asked,
15:22who were these people?
15:24They were my brothers.
15:26Who?
15:28This is all a fake story.
15:30This is made to ruin the people.
15:32Nothing like that happened.
15:34Now who will go to meet on the raw pot?
15:37Who were those who used to go on the pot?
15:39This is a story from our area, Chenab.
15:42Who were those people who used to go on the pot?
15:44They were the tribal people.
15:46If a person does something legal or illegal,
15:48he has to go on the pot at night.
15:52And do you know that there is a shrine in Sheikhupura?
15:56I don't know what it's called.
15:58What is it called?
16:00Tell me.
16:01Is it of Hir or Ranjha?
16:03Tell me.
16:04Are both the shrines the same?
16:06What did they do to make it a shrine?
16:12They go there and pray.
16:15Now Allah must be thinking what to do.
16:20Tell me.
16:21Is it of Hir or Ranjha?
16:22Tell me a religious thing to do to make it a shrine.
16:25They talk about Islam.
16:27Do you talk to them about Islam?
16:29Then why didn't you get married?
16:33There is another one in Sheikhupura.
16:35There is another shrine.
16:37No, I think that person is right.
16:39There was a poet.
16:40What was his name?
16:41Warish Shah.
16:42I think Warish Shah's shrine is in Sheikhupura.
16:45Yes, that person is right.
16:47He had a very good poem in our syllabus.
16:53His second poem was like this.
16:55It's better to keep a friend alone.
16:58The one who is not less in this world,
17:00is better to keep a friend alone.
17:04The one who is not less in this world,
17:06is better to keep a friend alone.
17:08It's better to keep a friend alone.
17:10It's better to keep a friend alone.
17:15Please bless Warish Shah.
17:19Is it of Hir or Ranjha?
17:21I will go to him and ask him.
17:23I will ask him to give me some advice.
17:26What kind of Hir did you convince?
17:29Please come to me and give me some advice.