Total Match Fund = Opening Match Fund + Donation for Match Fund + Sale of match tickets
=20,000+15,000+5,000=40,000.
Less: Match Expenses 30,000.
Balance Match Fund = 40,000−30,000=10,000, shown on the liabilities side of the Balance Sheet.
Show the following information in financial statements of a Non-Profit Organisation | Detail | Amount (Rs.) | |---|---| | Match Fund | 20,000 | |…
CUET UG 2022 — Accountancy Partnership
2022mcqmedium
Show the following information in financial statements of a Non-Profit Organisation
| Detail | Amount (Rs.) |
|---|---|
| Match Fund | 20,000 |
| Match Expenses | 30,000 |
| Donation for match fund | 15,000 |
| Sale of match ticket | 5,000 |
Official previous-year question
Held on 15 Jul 2022 · Verified 13 Jul 2026.
Options
- A
(Rs.) 30,000 will be shown in liability side of Balance Sheet.
- B
(Rs.) 10,000 will be shown in liability side of Balance Sheet.
- C
(Rs.) 10,000 will be shown in Income side of Income and Expenditure a/c.
- D
(Rs.) 30,000 will be shown in Income & Expenditure a/c.
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