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 1st April, 2018
3,00,000
10% Tournament Fund Investments on 1st April, 2018
3,00,000
Interest received on Tournament Fund Investments
30,000
Sale of Tournament Tickets
75,000
Tournament Prizes Awarded
60,000
(CBSE 2020)
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