Particulars
|
Debits (Rs.)
|
Credit (Rs.)
|
Tournament Fund
|
-
|
150000
|
Tournament Fund Investment
|
150000
|
-
|
Income from Tournament
|
-
|
18000
|
Tournament Expenses
|
12000
|
-
|
Additional Information:
Interest accrued on Tournament fund Investment Rs.6, 000
Outstanding Tournament Expenses Rs. 3,000
Donation for Tournament Rs. 2,000
(3)
Ans.
Balance Sheet Of
Cosmos Club
(as
on____________________)
Liabilities
|
Amount
|
Assets
|
Amount
|
Tournament Fund
1,50,000
Add:
a. Income from
Tournament fund
investment. 18,000
b. Interest accrued on
tournament fund
investment 6,000
c. Donation for tourn-
ament 2,000
1,76,000
Less:
a. Tournament Expenses
12,000
b. O/s Tournament
expenses 3,000
O/S tournament expenses
|
1,61,000
3,000
|
Tournament fund Investment
Interest accrued on tournament fund investment
|
1,50,000
6,000
|
