In above demonstration , you are seeing both source and use of building fund which have been estimated through annual budget . If you are interested to study the detail of making budgets in any particular fund , you can study at here .
3rd Step : Actual Record of Future Revenues and Expenses
Instead of making income and expenditure account , accountant should make the income and expenditure of each fund . With this , he can compare it with budget . So , future decision will become more easy .