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Chennai tennis club had a Match fund showing a credit balance of ₹ 24,000 on 1st April, 2018. The receipt to the fund during the year was ₹ 26,000. Match expenses incurred during - Accountancy

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प्रश्न

Chennai tennis club had a Match fund showing a credit balance of ₹ 24,000 on 1st April, 2018. The receipt to the fund during the year was ₹ 26,000. Match expenses incurred during the year was ₹ 33,000. How these items will appear in the final accounts of the club for the year ended 31st March, 2019?

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उत्तर

Balance Sheet As on 31.3.19

Liabilities Assets
Opening Match Fund 24,000      
(+) Receipt during the year 26,000      
  50,000      
(−) Expenses incurred 33,000 17,000    
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पाठ 2: Accounts of not–for–profit organisation - Exercises [पृष्ठ ७६]

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सामाचीर कलवी Accountancy [English] Class 12 TN Board
पाठ 2 Accounts of not–for–profit organisation
Exercises | Q IV 17. | पृष्ठ ७६
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