Question

How will you show the following information in the financial statements of an
NPO on 31st March 2020?
Match Fund ..............................................................5,00,000
6% p.a. Match Fund Investment (1 July 2019).....5,00,000
Donation for Match Fund ......................................1,00,000
Proceeds from the sale of Match Tickets ..............80,000
Match Expenses ....................................................6,50,000​

Answer 1

Balance sheet

Liability side

Match fund : 500,000

+ Donatiy : 100,000

+ proceeds: 80,000

- expency: (650,000)

Total :. 30,000/-

Asset side:

match fund investment 500,000

Accrued interest on match fund investments: 22,500