how would you treat the following while preparing financial statement for not for profit Organization
prize fund. 8500
interest on prize and investment 1500
prizes distribution. 2000
prize fund investment. 6000
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Balance Sheet
at the end of the year
liability. amount Assets
prize fund. 8500. prize fund
investment. 6000
add interest 1500
on investment
10000
less prize
distribution 2000
balance. 8000. 8000
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