41. The following is the Receipts and Payment Account of khana Club for the year ended 31st
Dec. 2019.
DR.
СР.
Receipts
Payments
3
To Balance b/d
300 By Rent
5200
To Entrance fees
550 By Stationary
To Subscription 2018
200 By Wages
5,330
To Subscription 2019
16.900 By Board Table
3.900
To Subscription 2020
300 By Repairs
508
To Lockers Pent
500 By Interest
1.500
To Special Subscription
for dinner party
3,450 By Balance old
2335
22 200
Additional Information:
Subscription unpaid for the year 2019, 468€
(in) Stationary 312 related to 2018 and 364 on account is still owing
(iii) Locker's rent include 60 for 2018 and 90 is still owing. Rent 1,300 relates to 2018
and 1,300 is still due. (iv) Building on 31 Dec. 2018 was 50.800.
Prepare an Income and Expenditure A/c of Khana Club for the year ending 31st December
2019.
[Ans. Excess of Income over Expenditure 2,492)
Answers
Answer:
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