How will you deal with the following items while preparing f... — Accountancy 2022

Question 113 Accountancy 2022 Medium MCQ +5.00 marks · -1.00 negative

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 ₹10,80,000, Total estimate ₹ 25,00,000.

A. ₹1,45,000 to be shown liability side of Balance Sheet B. ₹ 1,45,000 to be shown asset side of Balance Sheet and ₹25,00,000 to be shown liability side C. ₹ 12,75,000 to be shown on expenditure side of Income and Expenditure Account D. ₹ 12,75,000 to be shown on income side of Income and Expenditure Account

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