Question

13. From the given Receipts and Payments Account and additional information of Friends
Club, Prepare Income and Expenditure Account and Balance Sheet for the year ending
March 31, 2013
Receipts
Amount Payments
Amount
(Rs.)
(Rs.)
Cash in hand as on 1.4.12 6,800 Salaries
24.000
Subscription
60,200 | Traveling Expenses
6.000
Donation
3,000 Stationery
2.300
Sale of furniture
4.000 Rent
16.000
(Book value Rs.6000)
Repair
700
Entrance fee
800 Books purchased
6.000
Life membership fee
7.000 Building purchased
30.000
1.800
Interest on investment
5,000 Cash in hand as 31.03.2013
(@ 5% for full year)
86,800
86,800
Additional Information:
As on
01.04.2012
As on
31.03.2013
(1) Subscription received in advance
(11) Outstanding subscription
) Stock of stationery
(iv) Books
(v) Furniture
(vi) Outstanding rent
1.000
2.000
1.200
13.500
16,000
1.000
3,200
3,700
800
16,500
8.000
2.000
✓

Answer 1

Answer:

Salaries

24.000

Subscription

60,200 | Traveling Expenses

6.000

Donation

3,000 Stationery

2.300

Sale of furniture

4.000 Rent

16.000

(Book value Rs.6000)

Repair

700

Entrance fee

800 Books purchased

6.000

Life membership fee

7.000 Building purchased

30.000

1.800

Interest on investment

5,000 Cash in hand as 31.03.2013

(@ 5% for full year)

86,800

86,800

Additional Information:

As on

01.04.2012

As on

31.03.2013