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Question
How are the following items shown in the accounts of a Not-for-Profit Organisation ?
| Rs. | |
| Tournament Fund | 50,000 |
| Tournament Expenses | 15,000 |
| Receipts from Tournament | 20,000 |
Ledger
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Solution
|
Balance Sheet |
||||
|
Liabilities |
Amount (Rs) |
Assets |
Amount (Rs) |
|
|
Tournament Found |
50,000 |
|
|
|
|
Add: Tournament Receipts |
20,000 |
|
|
|
|
Less: Tournament Expenses |
(15,000) |
55,000 |
|
|
shaalaa.com
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