Question 29 Chapter 1 of +2 Part-1 - USHA Publication 12 Class Part

Question 29 Chapter 1 of +2-Part-1

Table of Contents

29. (Treatment of Sports Fund) How will you deal with sports fund items, while preparing final account of Delhi Citizens Club for the year 2014-15.

Interest to be credited to Income and Expenditure account
Particulars		Amount
Sports Fund as on 1-4-2014		90,000
Add: Interest earned on Sports Fund Investments		7,000
Sports fees collected during the year		2,000
		99,000
Less: Sports Expenses incurred during the year		(4,000)
Sports Fund balance as on 31-3-2015		(95,000)

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

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

Chapter No. 1 – Financial Statements of a Company
Chapter No. 2 – Financial Statement Analysis
Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
Chapter No. 4 – Ratio Analysis
Chapter No. 5 – Cash Flow Statement