Following is the Information in Respect of Certain Items of a Sports Club. You Are Required to Show Them in the Income and Expenditure Account and the Balance Sheet.
| Particulars | Rs |
| Sports Fund as on April 1,2016 | 80,000 |
| Sports Fund Investments | 80,000 |
| Interest on Sports Fund | 8,000 |
| Donations for Sports Fund | 30,000 |
| Sports Prizes awarded | 16,000 |
| Expenses on Sports Events | 7,000 |
| General Fund | 2,00,000 |
| General Fund Investments | 2,00,000 |
| Interest on General Fund Investments | 20,000 |
Income and Expenditure Account
as on March 31st,2016
as on March 31st,2016
| Expenditure | Amount (Rs.) | Income | Amount (Rs.) |
| Interest on General Fund Investments | 20,000 |
Balance sheet
as on March 31st,2016
as on March 31st,2016
| Liabilities | Amount (Rs.) | Assets | Amount (Rs.) | |
| Sport Fund | 80,000 | Sports Fund Investment | 80,000 | |
| Add:Interest on sport fund | 8,000 | General Fund Investment | 2,00,000 | |
| Add:Donation for sport fund | 30,000 | |||
| 1,18,000 | ||||
| Less:Sport Prize Awarded | (16,000) | |||
| Less:Expenses on sport fund | (7,000) | 95,000 | ||
| 2,00,000 | ||||
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