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From the following information of a …

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From the following information of a club ,show amt. Of prize awarded and fund in finacial staement of club for year endede on 31st march 2009 and 2010 Details Prize fund on 1.4.2009 20000 Prize fund donation recev. during year 2009 and 2010 40000 Prize awarded during year 2009 - 2010 69000

Posted by Yash Parjapati 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Isha Bhardwaj 6 years, 10 months ago

the donations received will be added with the principal amount i.e.(20000+40000=60000)and then the prize awarded(69000) will be subtracted from principal amount i.e(60000-69000=-9000) this negative amount will now go to the dr side of income and expenditure amount

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