1. From the following information, you are required to compute
the amount received from subscription for the year ending 31"
March 2018:
Income from subscription shown in income and expenditure
account Rs 48,000
ii) Subscription received in advance as on 31" March 2018
Rs 22,000
iii) Subscription received in advance as on 31" March 2017
Rs 16,000
iv) Subscription outstanding as on 31" March 2018
Rs 29,000
v) Subscription outstanding as on 31" March 2017
Rs 17,000
Answers
2.13 The Bank column showed a debit balance of Rs. 2000
on 31st March 2016. On reconciling the following facts
were noticed :
4
1.
Cheque Rs. 500 deposited into the bank was
not collected & credited till 31st March.
2.
Cheque issued for Rs. 300 was not presented
to the bank for payment till 31-3 - 16.
3.
Interest credited by bank 30 Rs.
Answer:
Account for the year ended 31st March,2018:
₹
₹
Cash in Hand on 1st April,2017
Cash at Bank on 1st April,2017
Subscriptions Received
Donations Received
Investments purchased
Rent paid
General Expenses
Postage and stationery
50,000
3,40,000
15,70,000
2,80,000
5,00,000
50,000
2,30,000
25,000 Newspaper and Magazines
Sale of Old Newspaper
Books purchased
Sports Materials Purchased
Interest on Investments Received
Honorarium to coaches
Cash in Hand on 31st March,2018
Cash at Bank on 31 st March