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
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.
Question : On the basis of the information given below, calculate the amount of stationery to be debited to Income and Expenditure Account of Good Health Sports Club for the year ended 31st March, 2020: April 1, 2019 March 31, 2020
Stock of stationery 80,000 60,000
Creditors for stationery 90,000 1,10,000
Stationery purchased during the year ended 31st March 2020 was Rs 4,70,000.
Option 1: Rs.5,10,000
Option 2: Rs.5,00,000
Option 3: Rs.4,90,000
Option 4: Rs.5,20,000
Question : Calculate the amount of stationery to be debited to the Income and Expenditure Account of Good Health Sports Club for the year ended 31st March, 2020:
Particulars
1st April, 2019 (Rs.)
31st March, 2020 (Rs.)
Stock of Stationery
40,000
30,000
Creditors for Stationery
45,000
55,000
Stationery purchased during the year ended 31st March, 2020 was Rs. 4,70,000.
Option 1: Rs 4,80,000
Option 2: Rs 4,90,000
Option 3: Rs 4,70,000
Option 4: None of the above
Question : On the basis of the information given below, calculate the amount of stationery to be debited to Income and Expenditure Account of Good Health Sports Club for the year ended 31st March, 2020: 1-04-2019 31/03/2020
Stationery purchased during the year ended 31st March 2020 was Rs. 4,70,000.
Option 1: Rs.5,00,000
Option 2: Rs.5,10,000
Option 3: Rs.4,20,000
Option 4: Rs.5,70,000
Question : Delhi sports club for the year ending 31st march 2022 amounted to Rs. 4,00,000. How much amount to be recorded in Income and Expenditure Account after considering the following information:
Option 1: Rs. 4,16,000
Option 2: Rs. 4,08,000
Option 3: Rs. 4,10,000
Option 4: Rs. 3,84,000
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