The opening balance of Prize Fund was 32 800 During the year donations reoeived towards this fund am...........

Accountancy ( 12th) Accounting for Not-for-Profit Organisation

The opening balance of Prize Fund was ?32,800. During the year, donations reoeived towards this fund amounted to ?15,400; amount spent on prizes was 712,300 and interest received on prize fund investment was ?4,000. The closing balance of Prize Fund will be :

?56,500