Question

show the following information in the financial statement of a not for profit organisation:
match expenses. rs: 32000
match fund. rs: 16000
donation for match fund rs: 10000
sale of match ticket. rs: 14000​

Answer 1

Answer:

Explanation:

The excess match expenses will be transferred to expenditure side of income and expenditure a/c

Answer 2

Answer:

all these items are shown in the liability side of balance sheet by heading match fund