Question

Kuning
1.62 Double Entry Book Keeping-CBSE XII
11. How the following items for the year ended 31st March, 2019 will be presented in the financial statements
of Aisko Club?
Cr.)
Dr.)
Particulars
Tournament Fund
1,50,000
Tournament Fund Investments
1,50,000
Income from Tournament Fund Investments
18,000
Tournament Expenses
12,000
home
2. Subscri
900
Additional Information:
Interest Accrued on Tournament Fund Investments * 6,000.
(CBSE 2019)
​

Answer 1

Answer:

liabilities ₹ assets ₹

tournament fund 1,50,000 investment 1,50,000

add:- income 18,000 accrued int 6000

less:- expenses (12,000) 1,56,000

add :- accrued int 6000

1,62,000