InterviewSolution
Saved Bookmarks
InterviewSolution
| 1. |
How are the following dealt with while preparing the final accounts of a club |
|
Answer» 1. Match Fund investments Rs. 72,000 and Match Fund Bank Balance Rs. 3,500 will appear as assets in the Balance Sheet. 2. Interest on Match Fund Investments Rs.2,880 will be added to Match Fund and Match expenses will be deducted from the Match Fund. The net balance of Match Fund Rs. 77,380 will appear on the Liabilities side of the Balance Sheet. |
|