Question

me Over Expenditure 2,46,100.]
Q. 45. Namanjyot Society showed the following position:
Balance Sheet as at 31st March, 2017
dod
Liabilities
Capital Fund
Subscriptions Received in advance
Assets
88,000 Furniture
6,000 Cash at Bank
Cash in Hnad
94.000
40.000
30,000
24.000
94.000
lub
2
f
Receipts and Payments Account for the year ending 31st March, 2018
Receipts
Payments
R
To Balance b/d :
By Computers (1.10.2017)
1.00.000
Cash at Bank
30,000
By Office Expenses
29.000
Cash in Hand
24,000 54,000 By Electric Charges
15,000
To Sale proceeds of old
By Postage and Stationery
9,000
newspapers
900 By 10% Investments
To Locker's Rent
7,000 (on 1.12.2017)
60,000
To Interest on Investments
1.600 By Balance c/d:
To Entrance Fees
50,000 Cash at Bank
80,000
To Life Membership Fees
1,00,000 Cash in Hand
35,500 1.15.500
To Membership Subscriptions 98,000
To Subscriptions for relief fund 17,000
3,28,500
3,28,500
Additional Information:
(1) Computers were to be depreciated @60% p.a. and furniture @ 10% p.a.
(ii) Membership subscription included 20,000 received in advance.
(iii) Electric charges outstanding 10,000.​

Answer 1

Explanation:

I hope this will be helpful !

Answer 2

Answer:

Expenditure :

To office expenses = 29,000

To electric charges = 16,000

Plus others = 10,000

so total amount (electric charges + others) = 26,000

To postage and stationary = 9000

To depreciation :

computer = 30,000

furniture = 4000

total amount = 34,000

to excess income over expenditure = 46,900

Income :

by sale of proceeds from old newspaper = 900

by locker's rent = 7,000

to interest on investment(1600) + accuired (400) = 2000

by entrance fees = 50,000

by membership subcriptions = 98000

plus the total amount at the beginning =  6000

less advance at the end (20000) = 61000

less subsciption for relief fund = 17000

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