Question

March 2020, Balance Sheet as on 1
st April 2019 and additional information, prepare Receipt and
Payment Account for the year ending 31st March 2020 & a Balance sheet as on 31st March 2020.
Income & Expenditure Account
(For the year 31st March 2020)
Expenditure Rs. Income Rs.
To Salaries 6.000 By Subscription 11,280
To Rent 1,320 By Entrance Fee 720
To Travelling Expenses 60 By Donation 1,200
To Printing and Stationery 120 By Interest 600
To General Expenses 180
To Equipment used 3,000
To Surplus 3,120
13,800 13,800
Balance Sheet
as on 1st April 2019
Liabilities Rs. Assets Rs.
Capital Fund 20,700 Furniture 4,000
Rent outstanding 120 Building 8,000
Salaries outstanding 780 Investment 6,000
Sports Equipment 1,200
Bank '1,680
Accrued Interest 120
Subscription Due 600.
21,600 21,600
Additional Information: (Balance as on 31st March 2020)
Subscription receivable was Rs.960
Salaries outstanding was Rs.480
Rent outstanding was Rs.240​

Answer 1

Answer:

sorry friend,

I need some point to ask questions because tomorrow my exam.