Annual Financial Statement 2021-22
This is the official record that accurately documents an organization’s income, expenses, assets, and liabilities for a financial year (from April 1, 2021, to March 31, 2022). It plays an important role in ensuring the organization’s financial transparency and accountability.
Element | Description |
|---|---|
Income & Expenditure Statement | A count of the total income (taxes, fees, grants) received by an institution in a year as well as the total expenses incurred (salaries, project costs, maintenance). |
Balance sheet | Shows the assets (buildings, land, bank deposits) and liabilities (loans, accounts payable) of an organization on a given date. |
Receipts and Payments Account | Records cash receipts and payments throughout the year. |