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Tournament fund appears in the books …

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Tournament fund appears in the books Rs.15000 and expenses on tournament during the year were Rs.18000. How will you show this in format while preparing financial statement of a NPO?

Posted by Muskan Verma 2 years, 7 months ago

CBSE > Class 12 > Accountancy

2 answers

Alice Gupta 2 years, 7 months ago

It will shown in income and expenditure A/C of expenditure side - tournament expenses minus tournament fund... Because expenditure is greater than fund thatwhy it's shown in incomes and expenditure A/C

Anushri Sahu 2 years, 7 months ago

It will show in liability side dr. Tournament fund Less: tournament expenses.

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