Question

FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ORGANISATIONS
1.25
₹
2014-15
3,000
2015-16
93,000
2016-17
2,000
98,000
The club has 500 members each paying @ 200 as annual subscription.
Subscriptions outstanding as on March 31, 2015 were 8,000. Calculate the amount of
subscriptions to be shown as income in the Income and Expenditure Account for the
year ended March 31, 2016 and show the relevant data in the Balance Sheet as at 31st
March 2015 and 2016.
Cr.
₹
SOLUTION:
Books of Royal Club
INCOME AND EXPENDITURE ACCOUNT
Dr.
for the year ending March 31, 2016
Expenditure
₹
Income
By Subscriptions
(Received for 2015-16) 93,000
Add : Outstanding for the
year 2015-16​

Answer 1

Answer:

एक मित्र आपल्या पिकनिकसाठी मित्रांना घेऊन स्मशान घाटावर घेऊन जातो....

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