Accountancy, asked by simranpunyani22, 3 months ago

From the following Receipts and Payments Account of Samara Club, prepare an income and Expenditure Account for the year ended 31st March 2020. Receipts and Payments Account of Samara Club for the year ended 31st March, 2020 Receipts To Balance b / d To Subscription: Payments 9,000 2018-19 10,000 2019-20 52,000 2020-21 14.000 To Sale of old furniture(Book value of 23,000) To Government Grants 25,000 To Interest on Investments 4,000 66,000 3,600 1,07,600 Additional Information: 1. I. By Rent By Investments By Honorarium By Machinery (Purchased on 1.12.2019) By Balance c / d 29,000 20,000 4,000 40,000 14,600 1,07,600 The club had 60 members, each paying an annual
subscription of 1,000. Subscription of R5,000 was still in arrears for the year 2018-19. On 31st March, 2020 prepaid rent was24,000. Interest accrued on investments amounted to 1,000. The Club had machinery amounting to 180,000 on 1 ^ n April, 2019. |V| V. Depreciate machinery @ 10%p.a​

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Answered by karandekrishna303
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