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Accountancy · 2022 · 2 marks
CBSE 2022 · Region 5 · Set 3 · Q1
Present the following information in the Balance Sheet of Wisdom Club as at 31st March, 2021 Particulars Amount () Prize fund (1st April, 2020)…
Present the following information in the Balance Sheet of Wisdom Club as at 31st March, $\displaystyle 2021$ Particulars Amount () Prize fund (1st April, $\displaystyle 2020$) $\displaystyle 4,80,000$ Prize fund Investment (1st April, $\displaystyle 2020$) $\displaystyle 4,80,000$ Prizes awarded $\displaystyle 1,50,000$
Marking-scheme solution
Balance Sheet of Wisdom Club
as at 31st March, $\displaystyle 2021$
Liabilities Amount Assets Amount
(₹) (₹)
Prize Fund $\displaystyle 4,80,000$ Prize Fund
Investments $\displaystyle 4,80,000$
Less : Prizes Awarded $\displaystyle 1,50,000$ $\displaystyle 3,30,000$
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CBSE Class 12 Accountancy past-paper question from the 2022 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.