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.
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very hard very hardd
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