Use app×
Ask a Question
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE

Show how will you deal with the following items in the final accounts of a not for profit organisation?

← Prev Question Next Question →
0 votes
8.4k views
in Accounting for Not For Profit Organisation by (27.3k points)
closed by

Show how will you deal with the following items in the final accounts of a not for profit organisation?

Prize fund 80000
Interest of prize fund investment 6000
Prize given 10000
Prize fund 60000
Donation for prize fund 25000

Play Quiz Game >

1 Answer

+1 vote
by (25.6k points)
selected by
 
Best answer

Balance sheet:

Laibilities Amount Assets Amount
Prize fund 80000 Prize fund investment 60000
(+) Donation 25000 25000
(+) Interest 60000
1,11,0000
(-) Prize given 10,000 1,01,0000

← Prev Question Next Question →

Find MCQs & Mock Test

  1. JEE Main 2025 Test Series
  2. NEET Test Series
  3. Class 12 Chapterwise MCQ Test
  4. Class 11 Chapterwise Practice Test
  5. Class 10 Chapterwise MCQ Test
  6. Class 9 Chapterwise MCQ Test
  7. Class 8 Chapterwise MCQ Test
  8. Class 7 Chapterwise MCQ Test

Related questions

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

User Contribution to Sarthaks eConnect
Managed by Sarthaks Digitizing India
...