Question

1,38,800
1,38,800
Receipt and Payment A/C for the year ending 31-03-2018
Dr.
Cr.
800
Receipts
To Balance b/d
To subscriptions
2016-17
2017-18
2018-19
7
Payments
52,400 By Rent: 2016-17
2017-18
4,800 By Salaries: 2016-17
90,200
2017-18
4,200
2018-19
32,400 By Printing
65,200 By General Expenses
2,800 By Fumiture
(31-03-2018)
2,000 By Sports Materials
(01-10-2017)
By Balance c/d
2,54,000
8,800
3,200
46,400
2,400
15,200
10.800
48.000
To Donations
To Entrance fees
To Interest
To Sale of old sports
materials
57,600
60,800
2,54,000
Adjustments:
a. Subscriptions outstanding ? 5,600.
b. Printing unpaid 1,000.
c. Interest accrued 800.
d. Depreciate furniture by 10% and sports materials by 10
e, Capitalize 50% of donations.
Prepare: fi) Income and Expenditure account and
(u) Balance Sheet as on 31-03-2018.
Answer: I & E A/C Surplus ? 92,080, Total of B/8 2,44,280​

Answer 1

Answer:

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Explanation:

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