Question

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Receipts and Payments Account
for the year ending 31st December, 2019
Receipts
Cr
Amt)
Balance b/d
Payments
Amt (3)
Cash
Salaries
2.000
Bank
Secretary
12,000
6.000
14.000
Stall
Subscription
5,000 11.000
Canteen Expenses
for 2018
12,000
500
Miscellaneous Expenses
for 2019
2,500
5.500
Construction of Building
for 2020
15.000
400 6.400 Balance cld
Interest from Bank
1,000 Cash
1,300
Sale Proceeds of Old Newspapers
400
Bank
4.000 5,300
Sale of Old Furniture
2,000
Canteen Collection
12.000
Donations for Building Fund
10,000
45,800
45,800
With the additional information given below, prepare the income and expenditure
account for the year ended 31st December, 2019 and the balance sheet as on that date
31st December, 31st December,
Particulars
2018 )
2019)
1,000
600
0 Subscription Receivable
200
400
() Subscription Received in Advance
1.000
2.000
(H) Salary of Staff Outstanding
1,000
1,500
(iv) Canteen Expenses Prepaid
14.000
(V) Furniture at Book Value
15,000
(vi) Buildings
10,000
10.000
(vi) Fixed Deposit with Bank
(viii) Book Value of Furniture sold during 2019 was 3,500
(ix) Charge Depreciation on Furniture at 10% pa, on the
Closing Balance
d75,00
100
r ending​

Answer 1

what is this question so long.

Answer 2

Answer:

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