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It may be noted that some Not-for-Profit organisations receive cash subsidy from the government or government agencies.Quite often, while all details relating to bills receivable and bills payable are available but the figureures of the bills received and bills accepted during the year are not given.In case, however, if the premium amount has not been received, either wholly or partially, in respect of the shares forfeited, the Share Premium Account will also be debited with the amount of premium not received along-with the Share Capital Account at the time forfeiture.Take the revenue expenses to the expenditure side of the Income and Expenditure Account with due adjustments as per the additional information provided relating to the amounts received in advance and these not yet received.The amount received as premium is credited to 'securities premium account' whereas amount of discount allowed is debited to “loss/discount on issue” and is written-off over the years.In such circumstances, the company can forfeit their shares, i.e. cancel their allotment and treat the amount already received thereon as forfeited to the company within the framework of the provisions in its articles.He received several international honours for his efforts to promote economic and social development for the benefit of the poor.Finance is also needed after the shipment of the goods because it may take sometime to receive payment from the importers.When goods are sold or bought for cash, payment is received immediately.The excess money received on over subscription may, however, be retained for adjustment towards allotment and the respective calls to be made.Receive interest on investment at the end of each subsequent year.At present, it is the richer households who receive credit from formal sources whereas the poor have to depend on the informal sources.It may be noted that Receipt and Payment Account shows the total amount of subscription actually received during the year while the amount shown in Income and Expenditure Account is confined to the figureure related to the current period only irrespective of the fact whether it has been received or not.If neither confesses, each will receive a light sentence.India receives nearly 4 per cent of the global precipitation and ranks 133 in the world in terms of water availability per person per annum.

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