Question

On 1st Jan 2019, AJCC Club has Sports Fund 1,20,000 and 10% Sports Fund Investment

(Face Value 1,50,000) is 1,20,000. If during the year, donations for sports Funds are 50,000

and Sports Expenses are 30,000, sports Fund will be shown on Liability side as on 31st Dec., 2019

as………………..,

(a) 1,55,000 (b) 1,52,000 (c) 1,70,000 (d) 1,85,000​

Answer 1

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Explanation:

Answer 2

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