Given below is the financial information of a NPO Mahamaya Sports Club for the year ending 31-03-2022.
|
Particulars |
Amount (₹) |
|
Match Expenses |
32,000 |
|
Match Fund |
16,000 |
|
Donation for Match Fund |
10,000 |
|
Sale of Match Tickets |
14,000
|
Amount of Match fund to be shown in Balance Sheet will be:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → ₹8,000
Starting Match Fund: ₹16,000
Add: Donation for Match Fund: ₹10,000
Add : Sale of match tickets 14,000
= (16000 + 10000 + 14000)
= ₹40,000
Less: Match Expenses = ₹32,000
= (40000 - 32000)
= 8,000