Question

Calculate income from other sources from the informations given below:
(i) Winnings from lottery Rs. 1,00,000
(ii) Received from horse race- Winnings Rs. 35,000
(iii) Received Rs. 20,000 as gift from his friend. (iv) Received Rs. 1,00,000 as gift from his elder brother.
(v) Received Rs. 1,40,000 as gift on his marriage. (vi) Received Rs. 80,000 as gift from his NRI friend.
(vii) Another gift of Rs. 18,000 was received from his friend.​

Answer 1

Cash a/c Dr.

to Income from other sources a/c