Question : From the following information given in respect of certain items of a Sports Club. 

Sports fund as on 1st April 2020 Rs 1,50,000

Sports Fund Investment  Rs 3,50,000

Interest on sports fund Investment Rs 40,000

Donation for sports fund Rs 1,50,000

Sports Prize awarded Rs 1,00,000

Expenses on Sports event Rs 40,000

Calculate the balance of Sports Fund as on March 31, 2021.

Option 1: Rs 4,40,000

Option 2: Rs 7,50,000

Option 3: Rs 2,00,000

Option 4: Rs 3,90,000


Team Careers360 6th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: Rs 2,00,000


Solution : Sports fund as on 1st April 2020             =    Rs 1,50,000
(+) Interest on sports fund Investment    =    Rs 40,000
(+) Donation for sports fund                    =    Rs 1,50,000
(-) Sports Prize awarded                         =    (Rs 1,00,000)
(-) Expenses on Sports event                  = (Rs 40,000)
Sports Fund balance on March 31, 2021= Rs.2,00,000

Hence, the correct option is 3.

Related Questions

CLAT Current Affairs with GK ...
Apply
Stay updated with current affairs & check your preparation with the CLAT General Knowledge Mock Tests Ebook
CLAT English Language Mock Tests
Apply
Free Ebook - CLAT 2025 English Language questions with detailed solutions
ICFAI Business School-IBSAT 2024
Apply
9 IBS Campuses | Scholarships Worth Rs 10 CR
CLAT Legal Reasoning Mock Tests
Apply
Free Ebook - CLAT 2025 legal reasoning questions with detailed solutions
GIBS Business School Bangalor...
Apply
100% Placements with 220+ Companies
Great Lakes PGPM & PGDM 2025
Apply
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books