Question

Financial Accounting!
The Club has 250 members each paying an annual subscription of Rs. 10
Subscriptions amounting to Rs. 50 are still in arrears for 2017 and 10 members had puid
their subscription for 2018 also in 2017. Salaries paid included Rs. 100 for 2017 and Rs.
150 for 2019. Salary still outstanding for 2018 is Rs. 200.
On 1 Jan. 2018, the club owned Land and Building valued at Rs. 10,000 and
Furniture valued at Rs. 1,100. At the end of the year interest for 3 months at 12% per
annum has accrued on investments​

Answer 1

Answer:

Financial Accounting!

The Club has 250 members each paying an annual subscription of Rs. 10

Subscriptions amounting to Rs. 50 are still in arrears for 2017 and 10 members had puid

their subscription for 2018 also in 2017. Salaries paid included Rs. 100 for 2017 and Rs.

150 for 2019. Salary still outstanding for 2018 is Rs. 200.

On 1 Jan. 2018, the club owned Land and Building valued at Rs. 10,000 and

Furniture valued at Rs. 1,100. At the end of the year interest for 3 months at 12% per

annum has accrued on investments