A match fund stood at Rs 30,000. Receipts for the match fund during the year were Rs 22,500 and match expenses were Rs 19,000. The match fund shown in the balance sheet is:

1. Because a match fund exists, both the receipts for it and the expenses of it are kept out of the income and expenditure account. 2. Start with the opening match fund of Rs 30,000. 3. Add the receipts for the match fund of Rs 22,500, giving Rs 52,500. 4. Subtract the match expenses of Rs 19,000, which are met from the fund. 5. The match fund carried to the liabilities side is therefore Rs 33,500. 6. Note the contrast the textbook sets up: where no such fund exists, tournament or match expenses are charged to the income and expenditure account instead, so the very same expense is treated differently depending on whether a fund has been created. _Source: TN HSC Class 12 Accountancy (Samacheer Kalvi, Govt of Tamil Nadu), Unit 2 "Accounts of Not-for-Profit Organisation", Illustration 21_