Question 19 Chapter 1 – Unimax Class 12 Part 1 – 2021

Question 19 Chapter 1 - Unimax Class 12 Part 1 - 2021

Question 19 Chapter 1 – Unimax Class 12 Part 1 – 2021

Free Accounting book Solution - Class 11 and Class 12

19. Show the following information in the Balance Sheet of a Sports Club for the year ended 31st Dec. 2021.

Particulars Dr. Balance Cr. Balance
Sports Fund –   2,000
Sports Fund Investments 2,000 –  
Interest on Sports Fund Investments –   200
Sports Expenses 420 –  
Sports Fee Collected   80

The solution of Question 19 Chapter 1 – Unimax Class 12 Part 1:

Balance Sheet of Sports Club as on 31st Dec. 2021

Liabilities   Amount Assets Amount
Opening Balance 2,000   Sports Fund Investment 2,000
+ Interest 200      
– Fee collected 80      
  2,280      
– Sport Expenses 420 1,860    

This is all about the Question 19 Chapter 1 – Unimax. You can check out the following article to better understand:

Not-for-Profit Organisations – Meaning and Overview

You Can also read all the above articles in Hindi on our Hindi Website

Not-for-Profit Organisations – Meaning and Overview – In Hindi

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Also, Check out the solved question of all Chapters: –

Accountancy – Unimax Class 12 Part 1 – 2021 – Solution.

Chapter No. 1 – Accounts of Non-Profit Organisations

Chapter No. 2 – Partnership Accounts – I (Basic Concepts)

Chapter No. 3 – Partnership Accounts – II (Goodwill)

Chapter No. 4 – Partnership Accounts – III (Change in Profit Sharing Ratio among Existing Partners)

Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)

Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)

Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Chapter No. 1 – Accounting Not for Profit Organisations

Chapter No. 2 – Partnership Accounts – I (Introduction)

Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)

Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)

Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)

Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)

Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)

Chapter No. 8 – Company Accounts (Share Capital)

Chapter No. 9 – Company Accounts (Issue of Debentures)

Chapter No. 10 – Company Accounts (Redemption of Debentures)

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)