Question

Show how will you deal with the following items while preparing the final accounts
of the year ending on.
Case (i) : Prize awarded 7 12,000.
Case (ü) : Prize awarded 12,000, Prize Fund as at 31-3-2016 * 25,000.
Case (iii) : Prize awarded 12,000, Prize Fund as at 313-2016 * 25,000.
Donation received for prizes during the year 2016-17 * 10,000, prize Fund
Investment at 31-3-2016 * 25,000. Interest received on 10% Prize Found Investment
2,500.​

Answer 1

Answer:

Answer:

a --- iii

b --- i

c --- iv

d --- ii