Question

11.Show the following information in financial statements of a 'Not-for-Profit
Organisation for the year ending 31.3.2020.
Sports Fund
22,000
Sports fund Investments
18,000
Interest on Sports fund Investments
3,000
Sports Expenses
5,000
Additional Information: interest Accrued on Sports fund Investment 2,000 (3 marks)​

Answer 1

Explanation:

Sports fund = 22000

+ interest on sports fund investment= 3000

+ accrued interest = 2000

- sports expenses = 5000

total amount = 22000

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