The opening balance of Prize Fund was Rs 1,00,000. During the year, donations received towards this fund amounted to Rs 15,400, amount spent on prizes was Rs 12,300 and interest received on prize fund investment was Rs 4,000. The closing balance of Prize Fund will be :​

Respuesta :

Answer:

Rs 10,700

Explanation:

The closing balance will be

Opening prize  Rs 100,000

Add

Donations received  Rs  15,400

Interest received   Rs   4,000

Total at hand   Rs 119,400

less

amount on prizes   Rs 12,300

closing balance   Rs 10,700