Question

ations
14.
Amount
About
Payments
Balance
To
20.000
By General expenses
3.700
To Subscriptions
28,200
4.400
By Maintenance of garden
800
By 10% Investments
(1-10-2019)
18.000
To Building fund
12,000
following receipts and payments account and additional information prepare income
and expenditure account and Balance sheet of 'Sreenidhi Library as on 31-03-2020
To Sale of old news paper
TO Sale of old furniture
1. Subscriptions outstanding 1,500.
From
the
Receipts
(Book value * 4,000)
2. Salaries outstanding 3600
7.000
By Books and Magazines
3,700
3.600
By Salaries
6.800
By Rent
10.000
By Furniture
11.200
By Balance
64.700
64,700
Additional Information
3. Library had Bank Deposits worth 12.000 and Books * 5.000 and Capital fund
341,000.
4. Provide Depreciation on Books @ 10% p.a including purchase made during the year
(Ans: Surplus: 10,800 and Total of Balance Sheet 64,400)​

Answer 1

Answer:

3,700

3.600

By Salaries

6.800