From the following information of Indian sports Club show the amounts of Match Expenses and Match Fund in the financial Statements of the Club for the years ended pon 31st March 2018 and 31st March 2019:

Answer

N/a

Explanation

Note : Match expenses are Rs 3,00,000 out of which Rs. 2,90,000 are met from Match Fund up to available Fund and balance expenses of Rs. 10,000 are debited to income and expenditure Account. Thus balance of Match fund is nil in the Balance Sheet.