Kindly answer the question below
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.  120000	3120000	8% Tournament  Fund Investment	8000000
Tournament fund                          1000000
(+) Interest on tournament fund Inv 48000
(-) Tournament expenses             (300000)
(+) Sale of tickets                          420000
(+) Donation for tournament          200000	1368000
Life membership fees	150000