Question

from the following receipts& payments account ans additional information pepare income & expenditure account and balance sheet of
Rishita Naidu library as on 31/12/2008
Payments Amount
By General expenses 7400
By Electricity 8700
By fixed deposits with 36000
bank
By books 14000
By salaries 7200
By rent 13600
By furniture 21000
By balance c/d 22400
Receipts Amount
To balance b/d 40000
To subscriptions 56400
To sale of newspapers 1600
To govt. grand 24000
To sale of furniture 7400
To intrest on fixed deposits 900
Additional information:
1. Subscriptions outstanding on 31-12-2007 and on 31-12-2008 are 4000& 3000 respectively
2. Outstanding salary on 31-12-2008 was 1200
3. Library owned furniture was 24000 and books 10000 on 1-1-2008
4. Provide depreciation on books at 6% per annum including purchases made during the year​

Answer 1

Answer:

sorry I don't know the answer