Question

arolina
28. Question
Prepare Income and Expendicare A/c of a club for the year ending 31 March 2020 and Balance
Sheet on that date:
De
Receipts and Payment Nc for the year ending 31 March, 2020
Receipts
Amount (3)
Payments
Amunt
To Balance bid
25,000 By 10% Govt. Bonds: (1.7.2019
doo
To-hubscriptions
By Entertainment experises
1.50
2018-19
1,500
By Books
500
2019-20
10,000
By Postage and Stationery
2020-
500
12.900
Bin Eketricity Charges
600
To General Donation
2.000 By Telephone Apenses
1.500
To Hall Rent
300 By Salaries
2.000
To Entrance Fees (50% portion to be
1.000
By Furniture (1.10.2019)
5.000
capitalised
By Refreshment Expenses
1.000
To Interest on Investment
450 By Balance old
30,500
To Revenue from Refreshment
1.000
44,750
44,750
150
Additional Information: On 1 April 2019 Furniture stood ar 310.000. Depreciation on furniture @10% pa
(ii) Subscription accrued on 2.3.2020 3400. (ii) Salaries outstanding on 1.4.2019 3500 and on 31.3.2020 2.000.
(iv) A quarter's telephone expenses 300 is outstanding. There is no bange in quarterly telephone expense,

Answer 1

Answer:

carona carona corona corona