How will you show the following in the Ballance Sheet of a Club? Donation for Building Special Contribution for Computer Lab Sports Fund Sports Expenses Sports Fund Investments  25,00,000 10,90,000 5.00.000 120.000 5,00,000 [Ans. On Liabilities side: Donation for Building Special contribution for Computer Lab and Sports Fund 3,80,000. On Assets side: Sports Fund Investments.]

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The balance sheet of a club can be viewed similarly to a businesss balance sheet where its divided i... View the full answer