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Following is the information in respect of certain items of a Sports Club. You are required to show them in the Income and Expenditure Account and the Balance Sheet. (5 marks)
Details
Amount
Rs
Sports Fund as on April 1, 2016
80,000
Sports Fund Investments
Interest on Sports Fund Investments
8,000
Donations for Sports Fund
30,000
Sports Prizes awarded
16,000
Expenses on Sports Events
7,000
General Fund
2,00,000
General Fund Investments
Interest on General Fund Investments
20,000
By: santosh ProfileResourcesReport error
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