Question

12. How will be the following items dealt while preparing the income and expenditure accounts of a club for the year ending
31st March, 2020?
Particulars
₹
Prize Fund
10% Prize Fund Investment on 1st April, 2019
Donation for Prizes received during the year
Prizes Awarded during the year
Interest Received on 10% Prize Fund Investment
1,00,000
1,00,000
15.000
17.500
4,500​

Answer 1

Explanation:

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