Financial State...

There are 60 members of a Not-for-profit Organization and each member is required to pay a sum of 300 per annum to continue his/her membership. Hence this amount is known as

Match the following. Options are as follows:

How will you treat the Billiard Match expenses of Rs.2500

Prize fund Rs.10000, Interest on prize fund investments Rs.1000, Prize paid Rs.2000, Prize fund investment Rs.8000.What will be its treatment

Second hand furniture worth Rs.6000 was purchased. It was repaired for Rs.600 and installed by the workers to whom Rs.200 were paid as wages. For what amount should the furniture be capitalized

Calculate the amount to be recorded on the liabilities side of balance sheet. Tournament fund – Rs.20000, Tournament expenses- Rs.6000, Tournament Receipts - Rs.8000

How will you treat the following. Poor girl’s marriage fund- Rs.500000, Donation received towards fund- Rs.50000, expenditure during the year on Poor girl’s marriage fund – Rs.600000

Balance on tournament fund as on 01/04/2011 was Rs.80000.During the year 2011-2012 Tournament expenses- Rs.28000, and receipt from tournament were Rs.18500. State the amount to be shown on liability side

Subscriptions received during the year were Rs.26000 including Rs.2000 for previous year and Rs.11000 for the next year. State the amount to be transferred as subscription to Income and expenditure account for current year

Receipt from sale of consumable item is accounted as __________