How will be the following items dealt while preparing Balance of Mumbai
club as at 31st March 2020
a) Capital fund 1st April 2019: 30,00,000
b) Life membership fees received during the year 40,000
c) Subscription received for Annual dinner 60,000
Outstanding subscription for Annual Dinner 10,000
d) Building fund: - 12,00,000
Donation received for the building 25,00,000
Expenditure on Building Construction (WIP) 22,00,000
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club as at 31st March 2020
a) Capital fund 1st April 2019: 30,00,000
b) Life membership fees received during the year 40,000
c) Subscription received for Annual dinner 60,000
Outstanding subscription for Annual Dinner 10,000
d) Building fund: - 12,00,000
Donation received for the building 25,00,000
Expenditure on Building Construction (WIP) 22,00,000
Answered by
1
Answer:
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