Question

ANSWER THE FOLLOWING:
13*4=12]
1. From the following items of Receipts and Payments Account of
Young Club, prepare Income and Expenditure Account for theyear ended 31" March 2019:
Particulars
Rs.
Salaries paid
5,
00,000
• Electricity expenses
50,000
• Printing and Stationery (including Rs.5,000 for the previous
year) 35,000
• Subscriptions received (including Rs. 20,000 received in advance
Rs.50,000 for the previous year)
00,000
Net proceeds of refreshment room
50,000
• Miscellaneous
expenses
1,60,000
• Interest paid on loan for half
year
12,000
• Rent and rates (including Rs. 10,000
prepaid)
75,000
• Locker rent
received
45,000
and
4,
4.
Additional info:
Subscriptions in arrears on 31st March, 2019 were Rs. 80,000
and half year's interest on loan was also outstanding.

Answer 1

Answer:

xndnndjdjfjcjcjcjjvcici