Business Studies, asked by sandipbethe03, 9 months ago

12) From the following information on Bharat club prepare income and expenditure account and

balance sheet as on 31st march 2017.

Receipt Amount Payment Amount

To opening balance

(cash in hand)

To subscription:

15-16 150

16-17 14100

17-18 75

To proceeds from drama

To entrance fee

To interest in security

To sale of old furniture

1750

14325

2500

800

500

200

By bank o/d

By salary

By furniture

By investment in security

By printing and stationary

By cost of staging drama

By sundry exp.

By cash at bank

By cash in hand

2500

5300

2000

4000

800

1500

1300

2500

175

20075 20075

Adjustment: - 1) society has 1500 member each paying on annual subscription of rs. 12 each.

2) Subscription of rs. 100 the year 2015-2016 to be still in arrears.

3) The value of stationary stock in hand31st march 2016 was 200 and 31st march 2017 was rs. 150.

4) Entry fee to be capitalize.

5) Salary unpaid rs. 700.

6) balance on 31st 2016: investment 4500, building 25000, furniture 200,

7) Charge depreciation 5% on building and furniture.​

Answers

Answered by zaid78613
0

very hard very hardd

oooo

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