How are the following dealt with in the accounts of a Not-for-Profit Organisation ?
| Case I | Dr. (₹) | Cr.(₹) | Case II | Dr. (₹) | Cr. (₹) |
| Prize Fund Prizes Paid Match Expenses | 12,000 15,000 | 50,000 | Match Fund Match Expenses Investments of Match Fund Interest on Match Fund Investments Prizes Paid | 35,000 60,000 19,000 | 1,00,000 3,000 |
Cash I
Balance Sheet
| Liabilities | Amount (Rs.) | Assets | Amount (Rs) | |
| Prize Fund | 50,000 | |||
| Less: Prize Paid | (12,000) | 38,000 |
| Liabilities | Amount (Rs.) | Assets | Amount (Rs.) | |
| Match Fund | 1,00,000 | Match Fund Investments | 60,000 | |
| Less: Match Expenses | (35,000) | |||
| Add: Interest on Match Fund Investments | 3,000 | 68,000 |