Question

31-12-1997:
Dr
Payments
Amount
Receipts
22. The followin
Prepare Inec
2,050
Salary
Rates and Taxes
Printing and Stationery
Telephone Charges
80
Cash Balance (1-1-97)
Annual Subscription :
1996
1997
1998
Profit from Games
Interest on Savings
4.220
160
hiiiTo Oper
To Subs
4,460
3,100
2,000
Bonds (on 31-12-1997)
Sundry Expenses
Cash Balance
11,610
To Re
To Sa
(Cost
To S
subscription for the year 1996 till the beginning of the year 1997 is not received
The
ann
199
12-1996.
(iv) The value of building on 31-12-1996 was 20,000. Charge depreciation on
The following is the Receipts and Payments Aw
Purchase of 4% Government
Prepare Income and Expenditure Account and opening and closing Balance Sheet for the
CO The club has 450 members, each has to pay ? 10 as annual subscription. 80 ton
(i) The stock of Stationery on 31-12-1996 was 100 and on 31-12-1997 it was 180.
(ii) Rates and Taxes are paid in advance us to 31st March, On 31-12-1997, the annual
ended 31-12-1997. From the above Receipts and Payments Account and given adjustine
€1,200. Telephone expenses 1/3 rd 70 is unpaid, Sundry expenses 140 was not paid on​

Answer 1

Answer:

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