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How will you deal with the following items while preparing for the Bombay Women Cricket Club its income and expenditure account for the year ending 31.3.2007 and its Balance Sheet as on 31.3.2007 (Rs)(a)Donation received during the year for the construction of a permanent pavilion12,25,000 Expenditure incurred up to 31.3.2007 on its construction10,80,000 The Total estimated expenditure on construction of Pavilion being25,00,000(b)Tournament Fund Balance as on 1.4.200610,700 Subscriptions for tournament received during the year65,800 Expenditure incurred during the year on conducting tournaments72,400(c)Life Membership fee received during the year28,000 Give reasons for your answers. |
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Answer» How will you deal with the following items while preparing for the Bombay Women Cricket Club its income and expenditure account for the year ending 31.3.2007 and its Balance Sheet as on 31.3.2007 (Rs)(a)Donation received during the year for the construction of a permanent pavilion12,25,000 Expenditure incurred up to 31.3.2007 on its construction10,80,000 The Total estimated expenditure on construction of Pavilion being25,00,000(b)Tournament Fund Balance as on 1.4.200610,700 Subscriptions for tournament received during the year65,800 Expenditure incurred during the year on conducting tournaments72,400(c)Life Membership fee received during the year28,000 Give reasons for your answers. |
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