Question

42.40,000 (1.4, ...00.0*0,000 outstanding for 2018-19.)
30. Following is the Receipts and Payments Account of Citizen Club for the
o
Receipts
3
To Balance b/d
To Subscriptions (including
310,000 for 2018-19)
To Life Membership Fee
To Interest on Investments
@7% p.a. for full year)
₹
Payments
2,40,000 By Rent
(paid for 11 months)
5,80,000 By Insurance
25,000 By Salaries
By Stationery purchased
28,000 By Balance c/d
8,73,000
1,76,000
3,000
2,64,000
60,000
3,70,000
8,73,000
Prepare Income and Expenditure Account for the year ending 31st March, 2018
and the Balance Sheet as at that date after considering the following information:
(i) Subscription in arrear on 31st March, 2017 were 30,000 and on 31st March
2018 were 48,000.
(ii) Stock of stationery on 31st March, 2017 was 5,000 and on 31st March, 201
314,000.
(iii) Insurance was paid on 1st January 2018 to run for one year.
rear ended 31st March, 2018 :​

Answer 1

Answer:

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