Question

show how will you deal with the following items in the final account of the not for profit organization prepare balance sheet.

price fund : ₹80,000 interest of price fund investment : ₹6,000 price given : 10,000 price fund investment :60,000 donation for price fund:25,000​

Answer 1

Answer:

Laibilities Amount Assets Amount Prize fund 80000 Prize fund investment 60000 (+) Donation 25000 25000 (+) Interest 60000 1,11,0000 (-) Prize given 10,000 1,01,0000 Read more on Sarthaks.com - https://www.sarthaks.com/1059982/show-how-will-you-deal-with-the-following-items-the-final-accounts-not-profit-organisation