Following is the information given in respect of certain items of a Sports club. Show these items in the Income and Expenditure Account and the Balance Sheet of the club as at 31st March, 2018:
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certain items of a Sports club. Show these items in the Income and Expenditure Account and the Balance Sheet of the club as at 31st
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Explanation:
Balance of sports funds= Sports fund cash inflow- sports fund cash out flow
= 5,40,000- 1,40,000
= 4,00,000
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