Question

M.102
20. From the following particulars of Young Achiever's Clubs, prepare an Income
and Expenditure Account for the year ended 31st March, 2020 and Balance Sheet
as on that date.
C.
DI
Recepts
Te szlanced
Cash in hand
Cash at Bank
Subscriptions
2018-19
2019-20
2020-27
To Donation Billards Table!
To Errange Fees
to Sale of Old Magazines
RECEIPTS AND PAYMENTS ACCOUNT
for the year ended 31st March, 2020
Payments
By Salaries
10,000
By Postage
22,500 -32,500 By Rent
By Printing and Stationery
1,500
By Sports Material
60.000
By Miscellaneous Expenses
1.800 63,300 By Furniture (01.10.2019)
90,000 By 10% Investments (01.07. 2019)
1.100 By Balance cld:
450 Cash in Hand
Cash at Bank
₹
31,500
1,250
9,900
14,000
11,500
3,100
20,000
70,000
5,000
22,000
27,000
1,87,350
1,87,350
Additional Information:
a. There are 250 members each paying an annual subscription of 300.
16) 7 1.200 are in arrears for subscription for the year ended 31st March, 2019.
e Value of sports material in the beginning and at the end of the year was 3,000
and 4,500 respectively.
Depreciation to be provided @ 10% p.a. on Furniture.
(e) Capital Fund as on 1st April, 2019 was 38,200.
(6)
nonfits in 2:1 ratio. On 1st April, 2020, their​

Answer 1

Answer:

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Answer 2

Answer:

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