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Show how you deal with the following items in the case of union youth club: Match fund Rs50,000 match fund investment Rs40,0000 match expenses Rs1,00,000 donation of match fund received during the year Rs10,000 sale of match tickets Rs30,000?
Most Upvoted Answer
Show how you deal with the following items in the case of union youth ...
Match fund 50000. ( liabilities side of b/s)
+ donation. 10000
+sale 30000
-exp. 90000 :- nil

investment :- 40000. ( assets side of b/s)
excess exp:- 10000 (income and expenditure acc )
Community Answer
Show how you deal with the following items in the case of union youth ...
Dealing with Union Youth Club Items


Match Fund


  • The Union Youth Club has a match fund of Rs50,000.

  • The match fund investment is Rs40,000.

  • The match fund expenses are Rs1,00,000.

  • The donation of match fund received during the year is Rs10,000.



Explanation:

The match fund is a fund that is set aside for a specific purpose, such as organizing a sports event. In this case, the Union Youth Club has a match fund of Rs50,000. The match fund investment is Rs40,000, which means that the club has invested a portion of the fund to earn interest or dividends. The match fund expenses are Rs1,00,000, which includes the cost of organizing the sports event. The donation of match fund received during the year is Rs10,000, which is an additional contribution to the fund.


Sale of Match Tickets


  • The Union Youth Club has sold match tickets worth Rs30,000.



Explanation:

The Union Youth Club has sold match tickets worth Rs30,000, which is a source of revenue for the club. The revenue generated from the sale of match tickets can be used to cover the expenses of organizing the sports event or to fund other club activities.
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Show how you deal with the following items in the case of union youth club: Match fund Rs50,000 match fund investment Rs40,0000 match expenses Rs1,00,000 donation of match fund received during the year Rs10,000 sale of match tickets Rs30,000?
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