Question

12. How will the following items be presented in the Income and Expenditure Account of a club for the year ending 31st March 2019 and the Balance Sheet as on that date? Particulars Tournament Fund on Ist April, 2018 10% Tournament Fund Investments on Ist April. 2018 Interest received on Tournament Fund Investments Sale of Tournament Tickets Tournament Prizes Awarded 3,00.000 3,00.000 30.000 75,000 60,000 ICESE 2020 C Ans.: Balance Sheet Liabilities Tournament Fund Investment \ 30,000+ Side Tournament Fund? 3,00,000 + Interest on Tickets Awarded ? 6.000=\ 3,45,000 ; Assets Side 10% Tournament Sale of Tournament 25.000 - Tournament Prizes Fund Investments \ 3,00,000,\​

Answer 1

Answer:

12. How will the following items be presented in the Income and Expenditure Account of a club for the year ending 31st March 2019 and the Balance Sheet as on that date? Particulars Tournament Fund on Ist April, 2018 10% Tournament Fund Investments on Ist April. 2018 Interest received on Tournament Fund Investments Sale of Tournament Tickets Tournament Prizes Awarded 3,00.000 3,00.000 30.000 75,000 60,000 ICESE 2020 C Ans.: Balance Sheet Liabilities Tournament Fund Investment \ 30,000+ Side Tournament Fund? 3,00,000 + Interest on Tickets Awarded ? 6.000=\ 3,45,000 ; Assets Side 10% Tournament Sale of Tournament 25.000 - Tournament Prizes Fund Investments \ 3,00,000,\

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