Question

10. From the following prepare Income and Expenditure
| Receipts
To entrance fees
To legacies
To subscription
To sale of old news paper
To profit from fashion show
To life membership fees
To donation for building
5,000 By stock
To locker rent
45,500
Additional information:-
a) Rent outstanding 600 and subscription outstanding 500.
b) Internet charges was unpaid 100.
c) 2/5th of entrance fees is to be capitalized.
come and Expenditure A/c and Balance Sheet of ABC Club.
₹ Payment
5,000 By interner charges
12,000 | By fax machine
10,000 By rent
1,500 By salary
1,500 By honorarium
9,000 By conveyance
2,440
5,000
1,000
4,500
1,000
500
8,500
22,560
45,500
1,500 | By balance c/d​

Answer 1

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