29. Salary paid for the year ended 31st March, 2010
amounted to 175.000. How much amount will be
recorded in Income and Expenditure Account in the
following case?
31-3-2009 31-3-2010
Outstanding Salary
6,500 6,000
Prepaid Salary
1,200
1,000
(A) 075,700
(B) 074,300
(C) 675,300
(D) 174,700
30. How much amount will be shown in Income and
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Answer:
Books of Evergreen Club
Receipts and Payments Account
for the year ended March 31, 2018
Dr.
Cr.
Receipts
Amount
(Rs)
Payments
Amount
(Rs)
Balance b/d
Investments Purchased
5,00,000
Cash in Hand
50,000
Rent Paid
50,000
Cash at Bank
3,40,000
3,90,000
General Expenses
2,30,000
Subscription Received
15,70,000
Postage and Stationery
25,000
Donation Received
2,80,000
Newspapers and Magazines
87,000
Sale of Old Newspapers
12,000
Books Purchased
3,40,000
Interest on Investments Received
50,000
Sports Material Purchased
4,70,000
Honorarium to Coacher
1,50,000
Balance c/d
Cash in Hand
30000
Cash at Bank (Balancing Figure)
4,20000
4,50,000
23,02,000
23,02,000
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