1.

How are the following dealt with in the accounts of a Not-for-Profit Organisation ? Case I Dr. (₹) Cr. (₹) Case II Dr. (₹) Cr. (₹) Prize Fund Prizes Paid Match Expenses 12,000 15,000 50,000 Match Fund Match Expenses Investments of Match Fund Interest on Match Fund Investments Prizes Paid 35,000 60,000 ​ 19,000 1,00,000 3,000 ​

Answer» How are the following dealt with in the accounts of a Not-for-Profit Organisation ?













































Case I


Dr. (₹)

Cr. (₹)
Case II

Dr. (₹) Cr. (₹)
Prize Fund

Prizes Paid

Match Expenses


12,000

15,000

50,000 Match Fund

Match Expenses

Investments of Match Fund

Interest on Match Fund

Investments

Prizes Paid


35,000

60,000









​ 19,000
1,00,000











3,000

































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