Question

The opening balance of Prize Fund was ₹ 32,800. During the year, donations received towards this fund amounted to ₹ 15,400 amount spent on prizes was ₹ 12,300 and interest received on Prize Fund Investment was ₹ 4,000. The closing balance of Prize Fund will be ______.

विकल्प

• ₹ 56,500

• ₹ 64,500

• ₹ 39,900

• ₹ 31,900

Answer 1

The opening balance of Prize Fund was ₹ 32,800. During the year, donations received towards this fund amounted to ₹ 15,400 amount spent on prizes was ₹ 12,300 and interest received on Prize Fund Investment was ₹ 4,000. The closing balance of Prize Fund will be ₹ 39,900.

Explanation:

Particulars	Amount (₹)
Opening Balance of Prize Fund	32,800
Add: Donations Received towards Prize Fund	15,400
	48,200
Less: Amount spend on prizes	12,300
	35,900
Add: Interest Received on Prize Fund Investment	4,000
Closing balance of Prize Fund	39,900