A club has prize fund of rs 400000. During the year it incurred expenses on prize amounting to rs 4,30,000.
The balance of prize fund in the balance sheet as on 31st march, 2019 will be-
(A) RS 30000
(B) RS 4,00,000
(C) (30000)
(D) ZERO
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Answer:
30000
Explanation:
the A club has prize fund of rs 400000. During the year it incurred expenses on prize amounting to rs 4,30,000.
The balance of prize fund in the balance sheet as on 31st march, 2019 will be-
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