16. Prepare an Income & Expenditure Account from the following particulars of
Youth imns Club
(6)
Receipt & Payment Account
For the year ended 31s' march, 2018
Receipts
Amount Rs. Payments
Amount
Rs.
To Balance bld
32,500 By Salaries
31.500
To Subscriptions
By Postage
1,250
2016-17 1,500
By Rent
9,000
2017-18 60,000
By Printing & stationery
14,000
2018-19 1.800
63,300 By Sports material
11,500
To Donation(Billiards 90,000 By Miscellaneous Expenses
3.100
1,100 By Furniture(1/10/2017)
20,000
To Entrance Fees
450 | By 10% Investment
70,000
To Sale of old
(1/7/2017)
27,000
magazines
By Balance dd
1,87,350
1,87350
Additional Information:
(a) There are 250 members each paying an annual subscription of Rs.300.
(b) Rs.1,200 is still in arrears for the year 2016-2017 for subscription
(c) Value of sports materialat the beginning & the end of the year was Rs.3,000&
RSA,500 respectively.
(d) Depreciation to be provided @ 10% p.a. on Furniture.
Answers
Answered by
8
what are you trying to. ask ?????
hope it helps you ...
Follow me...............
Similar questions