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
Match Fund is a specific fund. The donation and ticket sales are added to it, and the match expenses are taken out of it.
Match Fund + Donation + Sale of tickets = ₹16,000 + ₹10,000 + ₹14,000 = ₹40,000
Less: Match Expenses = ₹32,000
Balance of Match Fund (liabilities side) = ₹8,000
Note: This question is from the pre-rationalised NCERT book. The topic is not there in the latest NCERT book (2026-27), but it is still in the CUET 2026 syllabus, so do not skip it.
NCERT (Pre-rationalised edition):
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