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tournament fund appears in the books …

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tournament fund appears in the books rupees 15000 and expenses on tournament during the year where rupees 18000 how will you show this in format while preparing financial statement of a not for profit organisation

    • Posted by Abdulazeem Mulla 7 years ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Love Sandhu 7 years ago

    3000 will be posted to expenditure a/c and no another treatment

    0Thank You

    Mayank Garg 7 years ago

    3000. Will be shown in expenditure side of income and expenditure account and the 15000. Tournament fund Will write off

    2Thank You

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