1-4-2016 Assets Cash in hand Sports Material Furniture Outstanding Subscription Liabilities Outstanding Rent Capital Fund 2,800 28,000 16,000 1,200 48,000 400 47,600 48,000 Receipts and Payments Account for the year ended 31-3-2017 2,800 24,000 4,000 2,000 8,000 1,200 42,000 Payments By Rent By Office expenses By Upkeep of ground By Sports Material (30-9-2016) By Investment By Balance c/d Dr Receipts To Balance b/d To Subscriptions To Life membership fee To Sale of old newspapers To Sports fee To Sundry receipts Cr 4,800 5,600 2,400 20,000 4,000 5,200 42,000 Adjustments : (a) Subscriptions receivable for the year 2016-17 amounted to ₹ 800. (b) Subscriptions received in advance for the year 2017-18 1,600. (c) Outstanding rent on 31-3-2017 600. (d) Outstanding office expenses 800.
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Assets Cash in hand Sports Material Furniture Outstanding Subscription Liabilities Outstanding Rent Capital Fund 2,800 28,000 16,000 1,200 48,000 400 47,600 48,000 Receipts and Payments Account for the year ended 31-3-2017 2,800 24,000 4,000 2,000 8,000 1,200 42,000 Payments By Rent By Office expenses By Upkeep of ground By Sports Material (30-9-2016) By Investment By Balance c/d Dr Receipts To Balance b/d To Subscriptions To Life membership fee To Sale of old newspapers To Sports fee To Sundry receipts Cr 4,800 5,600 2,400 20,000 4,000 5,200 42,000 Adjustments
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