(D)
40,000
2
3
How will the following information of Royal Sports Club be presented in
the Income and Expenditure Account for the year ended 31st March, 2019
and its Balance Sheet as on that date?
Amount
Particulars
₹ F
Tournament Fund as on 1st April, 2018
5,00,000
Tournament expenses incurred during the year
8,00,000
Donations for Tournament Fund received during the year 1,20,000
Sale of Tournament tickets during the year
1,50,000
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