Show the following information in financial statements of a Non-Profit Organisation | Detail | Amount (Rs.) | |---|---| | Match Fund | 20,000 | | Match Expenses | 30,000 | | Donation for match fund | 15,000 | | Sale of match ticket | 5,000 |

Question

Option 1: (Rs.) 30,000 will be shown in liability side of Balance Sheet.

Option 2: (Rs.) 10,000 will be shown in liability side of Balance Sheet.

Option 3: (Rs.) 10,000 will be shown in Income side of Income and Expenditure a/c.

Option 4: (Rs.) 30,000 will be shown in Income & Expenditure a/c.

AfterBoards · Accepted Answer

The answer is '(Rs.) 10,000 will be shown in liability side of Balance Sheet.'. View full solution:

CUET Accountancy 2022 15 July Shift 2 PYQs

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