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.

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