Question

Show how will you deal with the following items while preparing the Balance

sheet of a club as at 31st March 2020.

a) Match fund on 1st April 2019. Rs.8,00,000.

b) Donation for match Fund. Rs.1,00,000.

c) Sale of match tickets. Rs.3,00,000.

d) Expenses on match. Rs.12,50,000.​

Answer 1

Answer:

we will less match expenses from match fund and donation will be come in balancesheet