Explain the Accounting Treatment for the following items for the year ending on Mar 31, 2009.
|
Particulars |
Debit |
Credit |
|
Tournament Fund |
– |
8,000 |
|
Tournament Fund Investment |
8,000 |
|
|
Income from Tournament Fund |
– |
1,600 |
|
Investment |
||
|
Tournament Expenses |
1,000 |
– |