Question

Accountancy
7. From the following Receipts and Payments account of 'Sri Kala Nilayam, Nirmall for
128
Accounting for
Additional in
year ended 31-03-2019, prepare income and expenditure account.
1. Subscrir
Dr
Payments
Amour
2. Outstand
Receipts
Amount
₹
₹
3. The val
2,500
By Salaries
To Balance
3.000
1.600
4. Donatid
To Subscriptions
2017-18
200
By Entertainment expenses
By General expenses
By Investments
By Printing
600
2018-19
4.500
2.00
9. From th
31-03-
2019-20
400
1.400
To Entertainment receipts
2,080
By Furniture
800
R
To Sale of old furniture
320
By Balance c/d
600
(Book value: 120)
10,000
To Balance
10.000
Additional Information
To Subscri
To Tourna
1. Outstanding salaries 3 500.
2. Subscriptions outstanding for 2018-19 71,000.
3. Depreciate furniture by 10%.
To Legaci
To Entran​

Answer 1

Answer:

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