Calculate prize fund expenses incurred during the year 2021-22 from the following information

Prize fund as on 1 April, 2021 Rs. 80,000

Donation received for Prize Fund Rs. 15,000

10% Prize Fund Investment Rs. 80,000

Interest Received Rs. 5,000

Interest Accrued Rs. 3,000

Prize fund as on 31 March, 2022 Rs. 70,000

Arrange the following in correct sequence in preparation of the Balance sheet of a company.

(A) Non-current Liabilities

(B) Shareholder's Funds

(C) Current Liabilities

(D) Contingent liabilities

Choose the correct answer from the options given below:

1. (D), (B), (C), (A)
2. (B), (A), (C), (D)
3. (B), (A), (D), (C)
4. (C), (B), (D), (A)

The Receipts and Payments Account of Lead Sports Club showed payment for sports materials as Rs. 46,000 for the year ended 31st March 2022.

Additional Information provided is as follows :

Calculate the amount of Sports Materials consumed during the year ended 31st March 2022.

Which accounting standard is applicable for recognizing Intangible assets?

Employee benefit Expenses doesn't include

Which among the following item does not appear on the balance sheet of a company?

As per AS-26 assets like goodwill should be written off .