Question

alal Accountancy : Class XII
General Donations
Income from Drama
Sale of old furniture
(Cost price 300)
130
650 Tax
1.025 Investments
Balance
225
8.675
Prepare Income & Expenditure Account keeping in view the following adjustment
(1) Total members 400, each pays ? 15 as annual subscription
(2) Accrued interest on investment @ 10%p.a. for 6 months
(3) Salary has been paid for 10 months only,
(4) Prepaid tax is? 20.
what is the solution of this​

Answer 1

Answer:

alal Accountancy : Class XII

General Donations

Income from Drama

Sale of old furniture

(Cost price 300)

130

650 Tax

1.025 Investments

Balance

225

8.675

Prepare Income & Expenditure Account keeping in view the following adjustment

(1) Total members 400, each pays ? 15 as annual subscription

(2) Accrued interest on investment @ 10%p.a. for 6 months

(3) Salary has been paid for 10 months only,

(4) Prepaid tax is? 20.

what is the solution of this

bye

thanks