Accountancy, asked by rahulpatilwakudkar33, 3 days ago

and Income & Expenditure Account for the year ended 31 March, 2019:
01.04.2018 31.03.2019
3
3
Outstanding Subscription
1.40.000 2.00,000
Advance Subscription
25.000
30.000
Outstanding Salaries
15.000
18.000
Cash in Hand and at Bank
1.10.000
2
10% Investment
1.40.000
70,000
Furniture
28.000
14.000
Machinery
10,000
20,000
Sports Goods
15.000
25.000
Subscription for the year amounts to 3.00.000. Salaries paid 60.000. Face value of the investment
was 1.75,000. 50% of the investment was sold at 80% of Face Value. Interest on Investments was
received 14,000. Furniture was sold for 8,000 at the beginning of the year. Machinery and Sports
Goods purchased and put to use at the last date of the year. Charge depreciation @ 15% p.a. on Machinery
and Sports Goods and 10% p.a. on Furniture.
Following expenses were made during the year
Sports Expenses: 50,000
Rent * 24.000 out of which 2.000 outstanding
Misc. Expenses 35.000​

Answers

Answered by pratibha23pr
0

Answer:

200020300

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