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:
|
Particulars |
Rs |
|
Sports Fund as on 1.4.2005 |
35,000 |
|
Sports Fund Investments |
35,000 |
|
Interest on Sports Fund |
4,000 |
|
Donations for Sports Fund |
15,000 |
|
Sports Prizes awarded |
10,000 |
|
Expenses on Sports Events |
4,000 |
|
General Fund |
80,000 |
|
General Fund Investments |
80,000 |
|
Interest on General Fund Investments |
8,000 |
|
Books of Sports Club Income and Expenditure Account |
|||
|
Dr. |
|
|
Cr. |
|
Expenditure |
Amount Rs |
Income |
Amount Rs |
|
|
|
Interest on General Fund Investments |
8,000 |
|
|
|
|
|
|
Balance Sheet |
||||
|
Liabilities |
Amount Rs |
Assets |
Amount Rs |
|
|
Sports Fund |
35,000 |
|
Sports Fund Investments |
35,000 |
|
Add: Interest on Sports Fund |
4,000 |
|
General Fund Investments |
80,000 |
|
Add: Donations for Sports Fund |
15,000 |
|
|
|
|
|
54,000 |
|
|
|
|
Less: Expenses on Sports Event |
(4,000) |
|
|
|
|
Less: Prize Awarded |
(10,000) |
40,000 |
|
|
|
General Fund |
80,000 |
|
|
|
|
|
|
|
|
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