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Following is the Information Given in Respect of Certain Items of a Sports Club. Show These Items in the Income and Expenditure Account and the Balance Sheet of the Club: - Accountancy

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प्रश्न

Following is the information given in respect of certain items of a Sports Club. Show these items in the Income and Expenditure Account and the Balance Sheet of the Club:

Particulars Rs
Sports Fund as on 1.4.2015 35,000
Sports Fund Investments 35,000
Interest on Sports Fund 4,000
Donations for Sports Fund 15,000
Sports Prizes awarded 10,000
Expenses on Sports Events 4,000
General Fund 80,000
General Fund Investments 80,000
Interest on General Fund Investments 8,000
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उत्तर

Books of Sports Club 
Dr.  Income and Expenditure A/c Cr.
Expenditure Amount (Rs) Income Amount (Rs)
    Interest on General Fund Investments 8,000

 

Balance Sheet
Liabilities Amount (Rs) Amount (Rs) Assets Amount (Rs) Amount (Rs)
Sports Fund 35,000   Sports Fund Investments   35,000
(+) Interest on Sports Fund 4,000   General Fund Investments   80,000
(+) Donations for Sports Fund 15,000        
(-) Expenses on Sports Event  (4,000)        
(-) Prize Awarded  (10,000) 40,000      
General Fund   80,000      
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Income and Expenditure Account Based on Trial Balance
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अध्याय 1: Accounting for Not-for-Profit Organisation - Questions for Practice [पृष्ठ ५०]

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एनसीईआरटी Accountancy - Not-for-profit Organisation and Partnership Accounts [English] Class 12
अध्याय 1 Accounting for Not-for-Profit Organisation
Questions for Practice | Q 4 | पृष्ठ ५०
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