The following information below is related to an NPO: Receipts | Amount (₹) | Payments | Amount (₹) To interest on Investments | Nil | By 8% Investments [01-10-18] | 60,000 If the firm closes its accounts on 31st March every year, what amount of accrued interest on investments will be shown in the Balance Sheet of the firm on 31-03-19?

If the total income earned by Saket Club, a Not-for-profit organisation is ₹ 2,60,000 and surplus earned is ₹ 85,000, the total expenditure incurred will be:

How will you deal with the following items while preparing for the Bombay Women Cricket Club, its Income & Expenditure Account for the year ending 31st March 2021 and its Balance Sheet, on the same date: Donation for the pavilion construction ₹ 12,25,000, Expenditure incurred ₹10…

________ is the amount received as per the will of a deceased person.

From the following information, calculate interest on capital of C, a partner for the year ended 31st March, 2022: C's Capital on 31/03/2022: ₹12,00,000 Profit credited to C for the year ended 31/03/2022: ₹ 3,00,000 Drawings made during the year: ₹ 1,00,000 Additional Capital int…

Compute Rent for the year ended 31st March 2021 from the following: | 01.04.2020 | 31.03.2021 Outstanding Rent | ₹19,000 | ₹14,000 Prepaid Rent | ₹5,600 | ₹10,400 Rent paid during the year ₹ 2,97,800.

Match List I with List II List I | List II A. Partner's Salary | I. P & L A/c Dr. B. Manager's Salary | II. P & L Appropriation A/c Dr. C. Distribution of Loss | III. P & L A/c Cr. D. Commission received | IV. P & L Appropriation A/c Cr. Choose the correct answer from the option…

Sports Star Charitable Club has income of ₹16,000 and 'deficit' debited to capital fund of ₹ 4,300 for the year 2019-20, then expenditure for 2019-20 is:

Partners' Current Accounts are opened when their Capital Accounts are: