Question

From the following receipts and payments a/c of the Venkateswara Society for the year
ended 31-Dec-2014. Prepare income and expenditure a/c for the year ended 31-Dec-2014.
Cr
Rs
Rs
3,485
Receipts
To Balance 01-01-2014
To Entrance Fees
To Donations
650
6,150
465
1,110
5,000
Payments
By Books
By Printing and stationary
By News papers
By sports Materials
By Repairs
By Investments
By Furniture
By Salaries
By Balance (31-Dec-2014)
6,000
To Subscriptions
6,865
To Interest on bank deposits 1,900
To Sale of furniture
685
To Sale of Old News Paper
465
To Proceeds from entertainments 865
To Sundry Receipts
125
21,040
650
2,000
1,000
1,500
3,165
21.040
​

Answer 1

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