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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