Question

12 points
Q3
Q3. Following is the receipt and payment account of Ramakrishna Pensioners Association newly
started on 1 4 2010
Ameant
Amount
Amount
Payments
Amount
Receipts
6000
2.800
To Subscriptions Recerved
For 2010-2011
For 2011-2012
For 2012-2013
To Entrance Fees
To Donations
(General Purpose)
85.000
6.900
2,000
By Rent
By Travelling Expenses
By Expenses for get
together Function
93.900 By Charity
11.000 By Salary
By Furniture
25.000 By Fixed Deposit
By Bal C/d
3.300
1.000
4 500
30,500
50,000
31,800
1 29.900
1.29.900
Adjustments:
(1) Outstanding Subscnptions for current year & 10,000.
(2) Entrance Fees are to be capitalized
(3) Capital Fund should be created out of Entrance Fees and surplus of the current year!
(4) Depreciate Furniture by 2 500
You are required to prepare Income and Expenditure Account for the year ending on 31-03-2011
and Balance Sheet as on that date.
(12 Marks)
O Surplus- 99,900 , B/S-1,19,800
O
Deficit- 99,900, B/S-1,19,800
O
Surplus-1,21,900, B/S-1,14,800
O
Deficit- 1,21,900, B/S-1,14,800​

Answer 1

Answer:

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Explanation:

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Answer 2

Answer:

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