Question

14. From the information as provided below, prepare Income and Expenditure account of Green Club
for the year ended 31 March 2017:
Details
Amount (Rs)
Fees collected, including Rs.80,000 on account of the previous year
5,20,000
Fees for the year outstanding
30,000
Salary paid, including Rs. 5,000 on account of the previous year
68,000
Salary outstanding at the end of the year
3,000
Entertainment expenses
8.000
Tournament expenses
25,000
Meeting Expenses
18,000
Travelling Expenses
7,000
Purchase of Books and Periodicals, including Rs. 31,000 for purchase of Books 40,000
Rent
15,000
Postage, telegrarns and telephones
6,000
Printing and Stationery
18,000
Donations received
25,000​

Answer 1

Answer:

Fees collected, including Rs.80,000 on account of the previous year

5,20,000

Fees for the year outstanding

30,000

Salary paid, including Rs. 5,000 on account of the previous year

68,000

Salary outstanding at the end of the year

3,000

Entertainment expenses

8.000

Tournament expenses

25,000

Meeting Expenses

18,000

Travelling Expenses

7,000