Case study Mr Sachin ,an Ex- Indian Cricketer decided to startcricket academy to trainyoungenthusiasm players.He started the Sun Cricket Academy at Thaneon 1 April2020.Land was donated by his Grandfather worth Rs 10,00,000/. As per the will. His father Shanker donated Rs.3,00,000/ for construction and running the academy. He spends Rs 3,00,000/ for construction of pavilion . 200 Players joined the academy and paid yearly subscription RS 1200/each. 10 players paid in advance for the next year 21-22. Ajay appointed as a coach for them and coach fee amounted R$ 1,20,000 P.a. The Maintenance Expenses amounted to Rs 75000/. Bats and Balls purchased during the year amounted to Rs 15000/. Closing Stock of bats and balls amount to Rs 1000/.
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