Question

income. Subscriptions include < 300 TEU
fees. * 300 were owing for staff salaries at the end of the year. The value
and stamps were * 90 on 1.1.2010 and +95 on 31.12.2010.
(Ans. Excess of Expenditure over Income * 1,370; B/S Total * 27,620]
Hint : Capital Fund 1.1.2010 * 8,290.
30. From the following Receipts and Payments Account of Jagriti Club and from the additional
information, prepare Income and Expenditure Account for the year ending 31st December,
2010 and the Balance Sheet as on that date :
Receipts and Payments Account
(for the year ending 31st December, 2010)
Receipts
Amount
Payments
Amount
1
Tb Balance b/d
1,90,000 By Salaries
3,30,000
To Subscriptions
6,60,000 By Sports Equipments
4,00,000
To Interest on Investments @ 8%
By Balance cld
1,60,000
p.a. for full year
40,000
8,90.000
8,90,00
Additional Information :
6) The club had received * 20,000 for subscription in 2009 for 2010.
(ü) Salaries had been paid for 11 months.
(iii) Stock of sports equipments on 31st December, 2009 was 3,00,000 and on 31st December
2010 * 6,50,000.
[Ans. Surplus * 3,10,000; Total of B/S * 13,10,000.)
(Hint: Capital Fund (1.1.2010) 79,70,000.)
Preparation of Receipts and Payments Account from Income & Expenditure Account an
other Information
31. Prepare Receipts and Payments Account from the following informati


on :
Income and Expenditure Account​

Answer 1

Answer:

sorry I didn't know about this