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Question No 4 Chapter No 01 - V K Publications Class 12
4. How would you deal with the Tournament Fund of Ambala Cricket Club:
| Particulars | ₹ |
| Tournament Fund as on 31st March 2018 | 5,00,000 |
| 10% Tournament Fund Investment as on 31st March, 2018 | 5,00,000 |
| Contribution collected for tournament during the year 2017-18 | 3,00,000 |
| Interest received on tournament fund investments during the year 2017-18 | 25,000 |
| Expenditure incurred on tournament | 3,50,000 |
Balance Sheet of Ambala Cricket Club (Extract) as at 31st March 2018
| Liabilities | Amount | Assets | Amount | ||
|---|---|---|---|---|---|
| Tournament Fund | 5,00,000 | ||||
| Add: Contribution collected | 3,00,000 | ||||
| Add: Interest on Investment | 25,000 | ||||
| Less: Tournament Expenses | (3,50,000) | ||||
| Add: Accrued Interest | 25,000 | 5,00,000 | |||
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Also, Check out the solved question of all Chapters: –
Students may choose only one part from the Part II and Part III
Part-II
Part-III
Chapter No. 2 - Theory Base of Accounting
Chapter No. 3 - Origin of Transactions
Chapter No. 4 - Vouchers and transactions
Chapter No. 6 - Accounting for Goods and Services Tax(GST)
Chapter No. 9 - Other Subsidiary Books
Chapter No. 10 - Journal Proper
Chapter No. 11 - Trial Balance
Chapter No. 12 - Bank Reconciliation Statement
Chapter No. 14 - Provisions and Reserves
Chapter No. 15 - Bills of Exchange
Chapter No. 16 - Rectification of Errors
Chapter No. 17 - Financial Statements - (Without Adjustments)
Chapter No. 18 - Financial Statements - (With Adjustments)
Check out V. K. Publication Class 12 @ Oficial Website of V. K. Publication
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question No 4 Chapter No 01 - V K Publications Class 12", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Chapter No 01 - Accounting for Not for Profit Organisation.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
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