Question

Gavasker Cricket Club gives you the following Receipts and payments Account for the year ended 31st March, 2002. Receipts Rs. Payments Rs. To Balance b/d: At Office 150 At Bank 14,200 To Subscriptions To Admission Fees To Interest on Investments @ 9% p.a for full year 14,350 61,100 350 9,000 By Salaries and Wages By Sports Equipment By Stationery and Printing By Maintenance of Ground By Prizes By balance c/d: At Office 380 At Bank 17,355 12,000 46,785 1,220 6,000 1,060 17,735 84,800 84,800 The following additional information is provided to you: On 1st April 2001 On 31st March, 2002 Rs. Rs. (i) Subscriptions Due 480 560 (ii) Subscriptions Received in Advance 80 40 (iii) Sports Equipment 21,800 29,700 (iv) Land and Buildings (Cost less depreciation) 80,000 76,000 Required: Prepare Income and Expenditure Account for the year ended 31st March 2002.

Answer 1

Answer:

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