How are the following dealt with while preparing the final accounts of a club?

TRIAL BALANCE as at 31st March,2018

Particulars

Dr. (₹)
Cr. (₹)

Match Fund
Match Fund Investments
Match Fund Bank Balance
Interest on Match Fund Investments
Match Expenses
......
72,000
3,500
.....
5,500
80,000
......
......
2,880
......

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Solution

Balance Sheet

Liabilities

Amount

(Rs)

Assets

Amount

(Rs)

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

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Similar questions

RECEIPTS AND PAYMENTS ACCOUNT ( AN EXTRACT ) for the year ended 31ST March, 2018
Dr.			Cr.
Receipts	₹	Payments	₹
To Sale of Sports Materials	26,000	By Creditors for Sports Materials	61,000
(Book value ₹ 20,000)		By Cash purchase of Sports Materials	10,000

	As at 1st April, 2017 (₹)	As at 31st March, 2018 (₹)
Sports Materials	20,000	25,000
Creditors for Sports Materials	7,000	15,000

RECEIPTS AND PAYMENTS ACCOUNT
for the year ended 31st March, 2019
Dr.			Cr.
Receipts	₹	Payments	₹
To Sale of Sports Materials	26,000	By Creditors for Sports Materials	61,000
(Book value ₹ 20,000)		By Cash purchase of Sports Materials	10,000

	As at 31st March, 2018 (₹)	As at 31st March, 2019 (₹)
Sports Materials	20,000	25,000
Creditors for Sports Materials	7,000	15,000

How will you deal with the following items while preparing the final accounts of a club :

$\begin{matrix} April 1, 2016 & March 31, 2017 Rs & Rs Stock of Stationery & 4, 000 & 3, 000 Creditors for Stationery & 7, 200 & 5, 400 \end{matrix}$

Amount paid for stationery during the year 2016-17 Rs 25,000

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TRIAL BALANCE as
at 31st March, 2019
Particulars	Dr. (₹)	Cr. (₹)
Match Fund	......	80,000
Match Fund Investments	72,000	....
Match Fund Bank Balance	3,500	....
Interest on Match Fund Investments	.....	2,880
Match Expenses	5,500	....

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Particulars	Dr. (₹)	Cr. (₹)
Match Fund Match Fund Investments Match Fund Bank Balance Interest on Match Fund Investments Match Expenses	...... 72,000 3,500 ..... 5,500	80,000 ...... ...... 2,880 ......

Balance Sheet
Liabilities		Amount (Rs)	Assets	Amount (Rs)
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