Question

From the following Receipts and Payments Account of Prantik Golf Club for the year ended 31st March 2016, prepare an Income and Expenditure Account for the above putiod.

Receipts

To Balance bid

To

Subcription 2014-15

2015-16 2016-17

To Donation

To Salu of Drama ticket

To Sale of Waste Paper

To Lite Membership Fees

Additional Information:

() Payments

1.500 By Salaries

By Drama Expenses

By Newspapers

By Municipal Tax

By Charity

By Investments By Electric charges

By Purchase of Furnitum

By Balanite od

(7) 10,000

4,000

1.200

600

4,500 8,000

1,600

2,000 5,400

37.300

1.200

16,000 2.800

20,000

5,000 4,500

300

6,000

37.300

O There are 500 members each paying 40 as subscription, 71.600 being subscription outstanding Tor 2014-15 on 31st March, 2016 la Municipal Taxes amounting to 2600 per annum heve been paid up to 30th June 2016.

( 10% interest has accrued on investments for 6 months

w 50% of Life Membership fees is to be capitalised.​

Answer 1

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Answer 2

answer 37.300 the sihdbdbsbhwbsvdvhdsjjejebssbwjwj