Question

From the following Receipts and Payments Account and additional information of Namrata Junior
College of Commerce, prepare Income and Expenditure Account for the year ending 31.3.2019 and
Balance Sheet as on the same date.
Receipts and Payments Account for the year ending 31st March, 2019
Dr.
Cr.
Receipts
Amount
₹
Amount
*
Payments
Amount
Amount
*
3,375
15,650
To Balance b/d
Cash
Bank
To Term Fees
To Donation for Building Fund
To Government Grant
(Revenue)
To Tuition Fees
To Form Fees
To Sundry Receipts
To Admission Fees
By Furniture
By Salaries
19,025 By Printing
4,800 By Stationery
12,500 By Library Books
45,000 By Newspapers / Periodicals
By Annual Gathering Expenses
36,415 By Examination Expenses
1,600 By Balance c/d
2,500 Cash
3,160 Bank
9,250
48,400
14,750
9,450
5,500
900
12,000
9,750
4,055
10,945
15,000
1,25,000
1,25,000
Additional Information:
Particulars
i.
Loan from Bank
Building
Library Books
Furniture
01.04.2018 31.03.2019
₹
22,500 22.500
1,27,500 1,25,000
19,000 24,250
30,000 38,000
6,000 6,000
3,600 7,700
550
500
iv.
V.
Investments
vi.
vii.
Unpaid Salaries
Stock of Stationery
Unpaid Printing bill
Capital Fund
viii.
5,500
?
1,75,975
ix.
109​

Answer 1

Answer:

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Answer 2

balance sheet not allowed