1.

Following is the information given in respect of certain items of a Sports Club. Show these items in the Income and Expenditure Account and the Balance Sheet of the Club as at 31st March, 2019: Particulars ₹ Sports Fund as on 1st April, 2018 3,50,000 Sports Fund Investments 3,50,000 Interest on Sports Fund Investments 40,000 Donations for Sports Fund 1,50,000 Sports Prizes awarded 1,00,000 Expenses on Sports Events 40,000 General Fund 8,00,000 General Fund Investments 8,00,000 Interest on General Fund Investments 80,000

Answer» Following is the information given in respect of certain items of a Sports Club. Show these items in the Income and Expenditure Account and the Balance Sheet of the Club as at 31st March, 2019:













































Particulars
Sports Fund as on 1st April, 2018 3,50,000
Sports Fund Investments 3,50,000
Interest on Sports Fund Investments 40,000
Donations for Sports Fund 1,50,000
Sports Prizes awarded 1,00,000
Expenses on Sports Events 40,000
General Fund 8,00,000
General Fund Investments 8,00,000
Interest on General Fund Investments 80,000


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