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Question
How are the following dealt with while preparing the final accounts of a club?
| TRIAL BALANCE as at 31st March, 2019 |
||
| Particulars |
Dr.(₹)
|
Cr. (₹) |
| Match Fund | ........ | 80,000 |
| Match Fund Investments | 72,000 | ......... |
| Match Fund Bank Balance | 35,000 | ....... |
| Interest on Match Fund Investments | ......... | 2880 |
| Match Expenses | 5,500 | ......... |
Ledger
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Solution
|
Balance Sheet |
||||
| as at 31st March, 2019 | ||||
|
Liabilities |
Amount (₹) |
Assets |
Amount (₹) |
|
|
Match Fund |
80,000 |
|
Match Fund Investment |
72,000 |
|
Add: Interest on Match Fund Investment |
2,880 |
|
Match Fund Bank Balance |
3,500 |
|
Less: Match Expenses |
(5,500) |
77,380 |
|
|
shaalaa.com
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