Question

March, 2016, prepare Income and Expenditure
Account:
Receipts
Payments
₹
To Balance (1-4-2015) 300 By Rent
5,000
To Subscriptions :
By Stationery
3,068
2014-15
200 By Wages
5,330
2015-16
16,900 By Billiard Table 5,900
2016-17
300 By Repairs
806
To Entrance Fees
350 By Interest
1,500
To Locker's Rent
1500 By Balance
To Special Subscription
(91-3-2016)
396
received for Chief
Ministet Party 3,450
22,000
22,000
Locker's rent includes 60 of 2014-15 and locker's
rent 90 of 2015-16 is still outststanding. Rent includes
1,800 of 2014-15 and rent of 2015-16 3 1,392 is still
outstanding. Payment for stationery includes 3 312 of
2014-15 and stationery of 2015-16 364 is still outstanding.
Outstanding subscriptions for 2015-16 are < 468. - 350
special subscriptions for Chief minister's party are yet to
be received.


please solve this.​

Answer 1

Answer:

ya

March, 2016 is correct