How will you deal with the following items while preparing for the Bombay Women cricket club its income and expenditure account for the year ending 31.3.2013 and its Balance Sheet as on 31.3.2013:
| Rs | |
| (a) Donation received during the year for the construction of a permanent Pavilion | 12,25,000 |
| Expenditure incurred up to 31.3.2013 on its construction | 10,80,000 |
| The total estimated expenditure on construction of Pavilion being | 25,00,000 |
| (b)Tournament Fund: | |
| Balance as on 1.4.2016 | 10,700 |
| Subscriptions for tournament received during the year | 65,800 |
| Expenditure incurred during the year on conducting tournaments | 72,400 |
| (c)Life Membership fee received during the year | 28,000 |
Books of Bombay Women Cricket Club
Balance Sheet
as on March 31, 2017
Balance Sheet
as on March 31, 2017
| Liabilities | Amount | Assets | Amount |
| Donation for Pavilion 12,25,000 | Construction of Pavilion in Progress | 10,80,000 | |
| Less: Exp. On const of Pavilion 10,80,000 | 1,45,000 | ||
| Capital | |||
| Add: Pavilion Construction 10,80,000 | 10,80,000 |
Books of Bombay Women Cricket Club
Balance Sheet
as on March 31, 2017
Balance Sheet
as on March 31, 2017
| Liabilities | Amount | Assets | Amount |
| Tournament Fund 10,700 | |||
| Add: Subscription for Tournament 65,800 | |||
| 76,500 | |||
| Less: Tournament Expenses 72,400 | 4,100 | ||
Books of Bombay Women Cricket Club
Balance Sheet
as on March 31, 2017
Balance Sheet
as on March 31, 2017
| Liabilities | Amount | Assets | Amount |
| Life Membership Fees | 28,000 |
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