How will you deal with the following while preparing final accounts of Holy School, Delhi:
Receipts and Payments Accounts
for the year ended 31st March, 2017
Receipts
Payments
To Donation for Sports Fund
40,000
By Sports Prizes Awarded 25000
To Interest received on Sports fund investment 4800
By Expenses on Sports Event 24000
Fund Investment 4800
To Interest Rec. on other
investments
5,000
Additional Information as on 31-03-2017
Sports Fund
1,00,000
8% Sports Fund Investment (Face Value * 1,20,000)
1,00,000
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