How will you deal with the following items while preparing for the Bombay Women Cricket Club, its Income and Expenditure Account for the year ending 31st March 2021, and its Balance Sheet on the same date? |
₹1,45,000 to be shown on the Liability side of the Balance Sheet ₹ 1,45,000 to be shown on the Asset side of the Balance sheet and ₹25,00,000 to be shown on the Liability side ₹12,75,000 to be shown on the expenditure side of the Income and Expenditure Account ₹12,75,000 to be shown on the Income side of the Income and Expenditure Account |
₹1,45,000 to be shown on the Liability side of the Balance Sheet |
Donation for the Pavilion construction = ₹12,25,000 |