Accountancy, asked by princyjain1211, 8 months ago

anizations 53
Income and Expenditure Account and Opening Balance Sheet
16. From the following particulars prepare opening balance sheet of Bhilai Club as on 1.1.2005.
Particulars
1.1.2004
31.12.2004
Cash balance
7,000
5,000
Sundry Assest
Furniture
4,000
5,700
Books
2,500
4,000
Building
10,000
9,500
Outstanding Exp.
400
150
Accrued Income
150
300
Prepaid Exp.
100
180
Advance Income
450
250
[Ans. Capital on 1.1.2004 is 22,900]

Answers

Answered by raksha18rsr

anizations 53

Income and Expenditure Account and Opening Balance Sheet

16. From the following particulars prepare opening balance sheet of Bhilai Club as on 1.1.2005.

Particulars

1.1.2004

31.12.2004

Cash balance

7,000

5,000

Sundry Assest

Furniture

4,000

5,700

Books

2,500

4,000

Building

10,000

9,500

Outstanding Exp.

400

150

Accrued Income

150

300

Prepaid Exp.

100

180

Advance Income

450

250

[Ans. Capital on 1.1.2004 is 22,900]

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