Question

Adjustment:
(1) Salaries outstanding was 2,900 and General expenses outstanding were 500.
(2) 60% of entrance fees and 50% of Donation are to be capitalised.
(3) Electricity charges include deposit paid to Electricity Company 1,000.
(4) There are 1,300 members paying an annual subscription of 50 each.
(5) Interest on investments at 10% p.a. is due for 5 months.
(6) Capital funds was 1,52,000 on 1 April, 2019.
(7) At the beginning of the year Land and Building was valued at 1,00,000 and Furniture was
valued at * 40,000. You are required to charge depreciation at 20% and 10% respectively.
(8) Stock of Stationery at the beginning of the year was 500 and at the end of the year was 600.

Please solve this​

Answer 1

Answer:

Adjustment:

(1) Salaries outstanding was 2,900 and General expenses outstanding were 500.

(2) 60% of entrance fees and 50% of Donation are to be capitalised.

(3) Electricity charges include deposit paid to Electricity Company 1,000.

(4) There are 1,300 members paying an annual subscription of 50 each.

(5) Interest on investments at 10% p.a. is due for 5 months.

(6) Capital funds was 1,52,000 on 1 April, 2019.

(7) At the beginning of the year Land and Building was valued at 1,00,000 and Furniture was

valued at * 40,000. You are required to charge depreciation at 20% and 10% respectively.

(8) Stock of Stationery at the beginning of the year was 500 and at the end of the year was 600.

Please solve this

Answer 2

Answer:

please solve this

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