Question : General Fund Rs 8,00,000
Investment Rs 8,00,000
Interest on General Fund Investment Rs 80,000
Calculate the amount of General Fund balance at the end of the year.
Option 1: Rs 8,80,000
Option 2: Rs 7,20,000
Option 3: Rs 8,00,000
Option 4: None of the above
Correct Answer: Rs 8,00,000
Solution : General Fund = Rs 8,00,000
Hence, the correct option is 3.
Question : Investment purchased during the year Rs 60,000 and interest on investment received Rs 1,000. 8% interest has accrued on Investment for five month. Calculate the amount credited to Income and Expenditure account and balance of investment at the end of the year.
Question : Queens Club had a sports fund of Rs 20,000 in the beginning. During the year donations received towards this fund were Rs 60,000 and expenses on the sports fund were Rs 90,000. Interest received towards this fund was Rs 60,000 and expenses on sports fund Rs 90,000, interest
Question : Interest on investment received @8%pa for full year Rs 40,000.
Calculate the amount of Investment at the beginning of the year and also calculate of value of Investment at the end of the year.
Question : Prize Fund as on 31st March, 2017 = Rs 2,50,000
Donation for prizes received during the year 2017-2018 = Rs 1,20,000
10% prize fund investment as on 31st March, 2017 = Rs 2,00,000
Interest received on prize fund investment = Rs
Question : Tournament Fund Rs 3,00,000.
12% Tournament Fund Investment on 1st April, 2017 Rs 3,00,000.
Interest received on tournament Fund investment Rs 30,000.
Sale of Tournament tickets Rs 75,000.
Tournament prize awarded Rs
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