Accountancy, asked by bindukeerthana16, 2 months ago

15. Following are the Balance Sheet and Receipts and Payments Account of Hassan Sports Club, Hassan.
Liabilities
Capital fund
Subscription for 2017-18
O/S Office expenses
Bank loan
Balance Sheet as on 31-03-2017
Assets
61,000 Buildings
1,000 O/S Subscriptions
4,000 O/S Rent
20,000 Furniture
Cash in Hand
86,000
64,000
1,600
400
12,000
8,000
86,000
Dr. Receipt and Payment A/C for the year ending 31-03 2018 Cr.
Receipts
Payments
To Balance b/d
8,000 By Office Expenses:
To Subscriptions:
2016-17
4,000
2016-17
1,600
2017-18
6,000
2017-18 17,600 By Subscription to Newspapers
2018-19 2,800 & Journals
2,000
To Entrance Fees
4,000 By Refreshment Expenses
4,000
To Rent
4,000 By Investments
10,000
To Income from Drama 6,000 By Bank Loan
8,000
To Sale of newspapers
400
By Salary
4,400
By Balance c/d
6,000
44,000
44,000
Adjustments:
a) Subscriptions outstanding 0 1,000,
b) Salary outstanding 400,
c) Interest payable 2,400,
d) Depreciation on Building 5,000
e) Entrance Fees is to be Capitalised.
Prepare:​

Answers

Answered by bbhavanas954
14

Answer: -

In  the book of Hassan sports club, Hassan

Income and expenditure a/c for the year ending as on 31-03-2018

In  the book of Hassan sports club, Hassan

Balance sheet for the year ending as on 31-03-2018

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Answered by darshandgdarshan391
1

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