UNDERSTANDING, INC.

BALANCE SHEET                     October 1, 1971--September 30, 1972

 

ASSETS:

Cash on Hand                       294.48

Petty Cash Advances           15.00

TOTAL ASSETS                                                                   $309.48

 

LIABILITIES:

Donations 1473.17 Less­

Net Loss         -1725.97                    -252.80

Surplus 1971                                     562.28

TOTAL LIABILITIES                                                              $309.48

 

INTERNATIONAL CULTURAL CENTER OF UNDERSTANDING

 

BALANCE SHEET                     October 1, 1971--September 30, 1972

 

ASSETS:

Cash on Hand                                                           $127.09

Fixed Assets:

1971                           1676.80

Loss Depred. 10%   186.31            1490.49

1972 Additions          613.00

Loss Deprec. 10%    61.30              551.70            2042.19

TOTAL ASSETS                                                       $2169.28

 

LIABILITIES:

Donations                              628.00

Less: Depreciation

186.31

61.30                          247.61                        380.39

Surplus 1971                                                             1788.89

TOTAL LIABILITIES                                                  $2169.28

 

SUMMARY

Understanding; Inc.                                                      309.48

International Cultural Center of Understanding         2169.28

Total New Worth                                                           $2478.76