Question

from the following infomation prepare
the income and expenditure a/c for the
year ending 31st march 2019.
fee collected 300000
salary paid 200000
tournament exp 16000
travelling exp 17000
stationary exp 12000
rent paid 10000
Postage and Telephone exp 8000
Purchase of books 18000.
​

Answer 1

except fee collected all are expenses