Question

The following information is supplied to you by a Social Club:
Environment Fund as on 1.4.2020
4,50,000
8% Environment Fund Investments as on 1.4.2020 (Face Value 5,00,000)
4,50,000
Donations Received for Environment Fund during the year 2020-21
1,50,000
Interest Received from 8% Environment Fund Investments during the year 2020-21
35,000
Expenses paid for Environment Programs during the year 2020-21
1,80,000
Expenses yet to be paid for Environment Programs organised in 2020-21
30,000
How these will be presented in the Financial Statements of a Social Club year ended 31" March, 2021?

Answer 1

Answer:

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