Opening prize fund 80,000 + Donation 15,000 + Interest received 5,000 + Interest accrued 3,000 = 1,03,000.
Less closing prize fund 70,000.
Prize fund expenses = 1,03,000 minus 70,000 = Rs. 33,000.
Note: Topic relates to NPO; placed under Financial Statements/Nature-Structure as closest fit.
Calculate prize fund expenses incurred during the year 2021-22 from the following information Prize fund as on 1 April, 2021 Rs. 80,000 Donation…
CUET UG 2022 — Accountancy Financial Statements
2022mcqmedium
Calculate prize fund expenses incurred during the year 2021-22 from the following information
Prize fund as on 1 April, 2021 Rs. 80,000
Donation received for Prize Fund Rs. 15,000
10% Prize Fund Investment Rs. 80,000
Interest Received Rs. 5,000
Interest Accrued Rs. 3,000
Prize fund as on 31 March, 2022 Rs. 70,000
Official previous-year question
Held on 23 Aug 2022 · Verified 13 Jul 2026.
Options
- A
Rs. 33,000
- B
Rs. 23,000
- C
Rs. 28,000
- D
Rs. 25,000
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