Show how will you deal the following items while preparing the balance sheet as at 31st March 2018 :
Sports fund 5,00,000
10% sports fund investments on 1st april,2017 5,00,000
Interest on sports fund inv received 37,500
Donations for sports fund 1,20,000
Sports prizes awarded 1,00,000
Expenses on Sports events 15,000
Dear student Sports fund 5,00,000. - liability side of balance sheet. 10% sports fund investments on 1st april,2017 5,00,000 - asset side of balance sheet. Interest on sports fund inv received 37,500 - credit side of income and expenditure account. Donations for sports fund 1,20,000 - addition to sports fund on liability side. Sports prizes awarded 1,00,000 - debit side of Income and expenditure account. Expenses on Sports events 15,000 - Debit side of income and expenditure account. Regards