1
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
3,500
....
Interest on Match Fund Investments
.....
2,880
Match Expenses
5,500
....
|
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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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
|
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 |
|
|
|
|
|
|
|
|
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