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 1.4.2005
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
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 1.4.2005 |
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 |
Books of Sports Club
Income and Expenditure Account
Dr.
Cr.
Expenditure
Amount
Rs
Income
Amount
Rs
Interest on General Fund Investments
8,000
Balance Sheet
Liabilities
Amount
Rs
Assets
Amount
Rs
Sports Fund
35,000
Sports Fund Investments
35,000
Add: Interest on
Sports Fund
4,000
General Fund Investments
80,000
Add: Donations for
Sports Fund
15,000
54,000
Less: Expenses on
Sports Event
(4,000)
Less: Prize Awarded
(10,000)
40,000
General Fund
80,000
|
Books of Sports Club
Income and Expenditure Account |
|||
|
Dr. |
|
|
Cr. |
|
Expenditure |
Amount Rs |
Income |
Amount Rs |
|
|
|
Interest on General Fund Investments |
8,000 |
|
|
|
|
|
|
Balance Sheet |
||||
|
Liabilities |
Amount Rs |
Assets |
Amount Rs |
|
|
Sports Fund |
35,000 |
|
Sports Fund Investments |
35,000 |
|
Add: Interest on Sports Fund |
4,000 |
|
General Fund Investments |
80,000 |
|
Add: Donations for Sports Fund |
15,000 |
|
|
|
|
|
54,000 |
|
|
|
|
Less: Expenses on Sports Event |
(4,000) |
|
|
|
|
Less: Prize Awarded |
(10,000) |
40,000 |
|
|
|
General Fund |
80,000 |
|
|
|
|
|
|
|
|
|
