How the following information will appear in the Balance sheet as on 31st march 2010
Prize fund as on 1-4-2009. Rs 12000
Prize given during the year. Rs. 7000
Donations received for prizes Rs 6000 during the year
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Answer:
these things will appear in the income and expenditure statement of a npo
Explanation:
if at all we want to show them under the balance sheet we can put the prices received under the cash balances head and donations under liabilities side
12000
+6000
-. 7000
= 11000
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