Following information is given by Alchemy Medical College, Library department for the year 2020-21.

Following information is given by Alchemy Medical College, Library
department for the year 2020-21.

Show the accounting treatment of the above-mentioned items in the
Balance Sheet of the Alchemy Medical College as at 31st March,2021.

Working Note:
Interest on Books and Journals Investments = 4,00,000 x 7/100 = 28,000
Accrued Interest = 28,000 – 13,000= 15,000