Question

from the following receipts and payments account of sri kala nilayam,nirmal for the year ended 31-03-2019 prepare income and evpediture account​

Answer 1

Answer:

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Explanation:

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Answer 2

Explanation:

The question statement does not list any data of receipts and payemnts based on which we have to prepare the income and expenditure accounts. But that data will yield a trial balance

A trial balance is a list that shows all the of all the debit and credit transactions in an account for an entity for a given period – usually a month.  

Usually a trial balance is prepared having a format of two-column schedule with all the debit balances listed in one column and all the credit balances listed in the other.  

The trial balance is made once all the transactions for the period have been journalized and posted to the General Ledger and in the correct coulmn.