Show how would you deal with the Building fund of Heritage club: (3)
Particulars Amount
Capital fund as on 31st March,2019 20,00,000
Building fund as on 31st March,2019 10,00,000
9%p.a. Building Fund Investment as on 31st March,2019 10,00,000
Donation collected for Building during the year 2019-20 5,00,000
Interest received on Building Fund Investments for 2019-20 45,000
Expenditure made on construction of Auditorium for 2019-20 (the
construction work is in progress and has not completed yet)
14,50,000