Question

From the following information of Wings Club for the year ended 31 st March,2019, prepare
Income and Expenditure Account:

Receipts and Payments Account

Dr.For the year ending 31 st March,2019 Cr.
Receipts ₹ Payments ₹

To Balance b/d
To Subscriptions:
2017-18
2018-19
To Entrance fee
To Income from entertainment
To sale of old periodicals

20,000
36,000
1,000
700
6,800
300
64,800
By Investments @ 8%p.a.
(on 1 st October,2018)
By Furniture
By Salaries
By Stationery
By Electricity charges
By Balance c/d

20,000
10,800
9,000
2,400
4,800
17,800
64,800

Additional information:
i. The club has 400 members each paying an annual subscription of ₹ 100. Subscriptions
still outstanding for 2016-17 are ₹ 400.
ii. Stock of stationery on 31 st March,2018₹ 1,500 and on 31 st March,2019 ₹ 1,720.
iii. On 1 st April,2018 premises were ₹ 32,000. Depreciation on premises and furniture to be
charged @ 5% and 10%p.a. respectively.

Answer 1

Answer:

Good evening dear students

I hope you all are well

I have send M.sc notes

Ch-1 The power of prayer

Ch-3 Be friendly

please write down in your moral science copy.

Thank you