Question

Calc
16.[
3
in
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
[Ans.: Balance Sheet: Liabilities Side: Tournament Fund 3,00,000+ Interest on
Tournament Fund Investment* 30,000 + Sale of Tournament Tickets *75,000 - Tournament Prizes
Awarded * 60,000=3,45,000; Assets Side: 10% Tournament Fund Investments 3,00,000.]
17. Fra
end
315​

Answer 1

zbhxhxjcjcjcncnjcjckckdkxkkckcncndnjxk