How are the following items deal twhile preparing the final accounts of the Youth club for the year ending 31 st March 2020?
Expenditure on the construction of Hostel Rs.6,00,000. The construction work is in progress and has not yet completed.
a)Opening Hostel Fund 8,00,000
b)Opening 10% Hostel Fund Investments 8,00,000
c)Donationfor Hostel Fund Received 10,00,000 d)InterestReceivedonHostelFund Investment 80,000
e)OpeningCapitalFund18,00,000
f)SubscriptionforGovernor’sPartyReceived40,000
g)OutstandingSubscriptionforGovernor’sParty10,000
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Answer:
f
Explanation:
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