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Question -

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 1.4.2015

 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



Answer -

                                                   Books of Sports Club

                                            Income and Expenditure Account


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