Question

(When investment is made out of fund and total interest due is received) How would you

deal with the following items while preparing Balance Sheet of Delhi Public School,

Chandigarh for the year ending 31st March, 2017. (4)

Particulars Amt. (Rs.)

Prize Fund

10% Prize Fund Investments on 1st April, 2016

Donation for Prize Fund

Prizes awarded

Interest received on 10% Prize Fund Investment

40,000

40,000

6,000

7,000

4,000​

Answer 1

Answer:

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