Present the following items in the Balance Sheet of Queen's Club as at 31st March, 2019-
Capital Fund (Ist Apnl. 2015)
7 10 80.000
Building Fund (1st April, 2015)
480.000
Donation receive for Building
76,00,000
10- - Building Fund Investments (1st April, 2015)
34,80,000
Interest received on Building Fund Investments
48.000
Expenditure on construction of building?3,60,000. The construction work is in progress and has not
yet been completed
3 Marks
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Answer:
balance sheet
liabilities side : 7768000
capital fund : 71440000
assets side : building fund investment = 3480000
building investment = 360000
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