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From The Following Information Of A Club Show The Amounts Of Match Expenses - Accountancy

From the following information of a club show the amounts of match expenses and match fund in the appropriate Financial Statements of the club for the

From the following information of a club show the amounts of match expenses and match fund in the appropriate Financial Statements of the club for the year ended on 31st March, 2019:

Particulars
Match expenses paid during the year ended 31st March, 20191,02,000
Match Fund as on 31st March, 201924,000
Donation for Match Fund (Received during the year ended 31st March, 2019)40,000
Proceeds from the sale of match tickets (Received during the year ended 31st March, 2019)15,000






Balance Sheet

as at 31st March, 2019


Liabilities Amount ()Assets Amount ()
Match Fund24,000  
 Add: Donation for Match Fund40,000  
Add: Proceed from Sale of Tickets15,000  
Less: Match Expenses (Note)(79,000)NIL 

Income and Expenditure Account

for the year ended 31st March, 2019
Expenditure Amount ()IncomeAmount ()
Match Expenses (Note)23,000  

Chapter-1 Financial Statements of Not for Profit Organisations-TS Grewal



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