He committed capital by cheque RS. 25 000. II. Bought merchandise for RS. 20 000 and used the discount RS. 1 000. III. Goods sold to Punet for RS. 5000. IV. After going through this unit students will be able to: State the importance of a non-profit organization and the separation from a profit-making entity. also download. More. NCERT Solutions NCERT Solutions for Class 11 accounting free download in PDF for questions in all chapters of the class 11 posting last NCERT book. The Equity Fund per 31 March 2015 is 20 00-01 Case 2: Expenditure on construction of the pavilion is RS. The construction work is in progress and has not yet been completed. To learn more Stay tuned to get more information on accounting for Class 11 previous years question papers important questions exam patterns test papers and more.Tarun introduced capital by cheque Rs.25 000. ii. Purchased goods for Rs.20 000 and availed discount Rs.1 000. iii. Sold goods to Puneet for Rs.5 000. iv.After going through this Unit the students will be able to: state the meaning of a Not-for-profit organisation and its distinction from a profit making entity.Also download. More. NCERT Solutions NCERT Solutions for Class 11 Accountancy free download in pdf for questions of all chapters in Class 11 Accountancy latest NCERT Book.Capital Fund as at 31st March 2015 is 20 00 000 Case 2: Expenditure on construction of Pavilion is Rs.6 00 000. The construction work is in progress and has not yet completed.To know more stay tuned to BYJUS for more information on Accountancy for class 11 previous years question papers important questions exam pattern sample papers and more.