Show how you would deal with the following items while preparing the I

1.	Show how you would deal with the following items while preparing the Income & Expenditure Account for the year ending on 31st March 2017 and a Balance Sheet as at that date in each of the following alternative cases: Case (i) Prizes awarded Rs 5,000. Case (ii) Prizes awarded Rs 5,000; Prize Fund as on 31st March 2016 Rs 40,000; Donations for prizes received during the year 2016-17 Rs 7,200. Case (iii) Prizes awarded Rs 5,000; Prize Fund as on 31st March 2016 Rs 40,000; Donations for prizes received during the year 2016-17 Rs 7,200; 9% Prize Fund Investments as on 31st March 2016 Rs 40,000; Interest received on Prize Fund Investments Rs 2,700.
Answer» Show how you would deal with the following items while preparing the Income & Expenditure Account for the year ending on 31st March 2017 and a Balance Sheet as at that date in each of the following alternative cases: Case (i) Prizes awarded Rs 5,000. Case (ii) Prizes awarded Rs 5,000; Prize Fund as on 31st March 2016 Rs 40,000; Donations for prizes received during the year 2016-17 Rs 7,200. Case (iii) Prizes awarded Rs 5,000; Prize Fund as on 31st March 2016 Rs 40,000; Donations for prizes received during the year 2016-17 Rs 7,200; 9% Prize Fund Investments as on 31st March 2016 Rs 40,000; Interest received on Prize Fund Investments Rs 2,700.

Show how you would deal with the following items while preparing the Income & Expenditure Account for the year ending on 31st March 2017 and a Balance Sheet as at that date in each of the following alternative cases: Case (i) Prizes awarded Rs 5,000. Case (ii) Prizes awarded Rs 5,000; Prize Fund as on 31st March 2016 Rs 40,000; Donations for prizes received during the year 2016-17 Rs 7,200. Case (iii) Prizes awarded Rs 5,000; Prize Fund as on 31st March 2016 Rs 40,000; Donations for prizes received during the year 2016-17 Rs 7,200; 9% Prize Fund Investments as on 31st March 2016 Rs 40,000; Interest received on Prize Fund Investments Rs 2,700.

Answer»

Show how you would deal with the following items while preparing the Income & Expenditure Account for the year ending on 31st March 2017 and a Balance Sheet as at that date in each of the following alternative cases:

Case (i) Prizes awarded Rs 5,000.

Case (ii) Prizes awarded Rs 5,000; Prize Fund as on 31st March 2016 Rs 40,000; Donations for prizes received during the year 2016-17 Rs 7,200.

Case (iii) Prizes awarded Rs 5,000; Prize Fund as on 31st March 2016 Rs 40,000; Donations for prizes received during the year 2016-17 Rs 7,200; 9% Prize Fund Investments as on 31st March 2016 Rs 40,000; Interest received on Prize Fund Investments Rs 2,700.

Discussion

No Comment Found

Related InterviewSolutions

Reply to Comment