Question

Chapter 1 Financial Statements of Not for Profit Organisations 1.57
und Based Accounting
How are the following items shown in the accounts of a Not for Profit Organisation!
Tournament Fund
Tournament Expense 15000, tournament fund50000
Receipts from Tournament
20000
(Ans.: Balance of Tournament Fund on the Liabilities side of Balance Sheet-*55,000​

Answer 1

Answer:

To Subscriptions

To Interest on Investment

To Sale of Old Furniture

12,000 By Rent and Rates

2,500 By Printing & Stationery

75 By Postage

By Advertising

By Purchase of Furniture

By Investments

By Balance (31-3-2018)

29,275

1,200

300

100

250

750

5,000

8,575To Subscriptions

To Interest on Investment

To Sale of Old