Please answer this question (i have also added the answer as i am unable to get the general fund right)
Answer given
On the liabilities side
General fund - 31,50,000
Tournament fund - 13,84,000
On the assets side
9% General fund investments - 20,00,000
Interest accrued on General fund investments - 60,000
8% Tournament fund investments - 8,00,000
Interest accrued on Tournament fund investments - 16,000

REGARDS

Solution:
                                                     BALANCE SHEET 
                                                   as on 31st march 2021
LIABILITIES AMOUNT ASSETS AMOUNT
General fund                            3000000   9% General fund Investment  2000000
(+) Interest on general fund inv.                                                                       180000                                                                           3180000 8% Tournament  Fund Investment 800000
Tournament fund                          1000000   Accrued interest on GENERAL FUND 60000
(+) Interest on tournament fund Inv 64000   Accrued interest on TOUNAMENT FUND 16000
(-) Tournament expenses             (300000)      
(+) Sale of tickets                          420000      
(+) Donation for tournament          200000 1384000    
       
Life membership fees 150000    

Interest on general fund investment = 2000000 x 9% =180000
(-) Interest received                                                    = (120000)
Accrued Interest                                                         = 60000

2. Interest on tournament fund  = 800000 x 8% = 64000
(-) Interest received                                            = (48000)
Accrued interest                                                 = 16000
NOTE: In the given solution General fund is Rs 3150000, the reason might be they add life membership fees in GENERAL FUND. Usually it get added in CAPITAL FUND.
 

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