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प्रश्न
Present the following information for the year ended 31st March 2018 in the financial statements of a not-for-profit organisation.
| Particulars | (₹) |
| Opening balance of Match Fund | 5,00,000 |
| Sale of Match tickets | 3,75,000 |
| Donations for Match Fund received during the year | 1,24,000 |
| Match expenses | 10,00,000 |
खातेवही
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उत्तर
Balance Sheet of a Not-for-profit organisation As on 31st March 2018
(An Extract)
| Liabilities |
Amount (₹) |
Assets | Amount (₹) | |
| Match Fund | 5,00,000 | |||
| Add: Receipts from sale of Match Tickets | 3,75,000 | |||
| Donations | 1,24,000 | |||
| Chandan | 9,99,000 | |||
| Less: Match Expenses (To the extent of available funds) | (9,99,000) | NIL | ||
Income and Expenditure Account
For the year ended 31st March 2018
(An Extract)
| Expenditure |
Amount (₹) |
Income | Amount (₹) |
| To Match Expenses | |||
| (Excess of expenses over Match Fund) | 1,000 | ||
| (10,00,000 – 9,99,000) | |||
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