Question

On the following Receipts and Payments Account of Dee Club for the year ending 31st March, 2019 and
honal information, prepare an Income and Expenditure Account for the year ending 31st March, 2019
Receipts and Payments A/C of Premier Club for the year ended 31st March, 2019
Receipts
Amount
Amount
2,000
43,000
Named
. State a
2. Distin
Q. Distir
Q. Disti
Q. Giv
To Balance b/d
To Donations for prizes
To Subscriptions :
2017 18
2018 19
2019 20
To Interest on Investment
To Sale of old furniture
(Book value 800)
Payments
By Furniture (Purchased on 1.10.2018)
By Salaries
By Printing andStationery
By 9% Investments
By Balance cld
15,000
42,500
21,500
3,000
16,850
1,200
49,200
2,300
52,700
650
500
Q. Ji
Mari
46
15,
98,850
98,850
Ca
er
Additional Information :
(i) The club has 400 members, each paying an annual subscription of 150.
(ii) Salaries paid included 3,150 for the year 2017-18 and outstanding salaries for the year 2018-19 were 4,250.
(iii) 9% investments were made on 30th November, 2018. The club had a similar investment of 8,000 at the
beginning of the year.
(iv) Depreciate furniture @ 10% p.a. No depreciation is charged on the furniture sold.
(6)​

Answer 1

Answer:

grttttttrghhhyfhdnatmaneybafbgsaangenrhtutiwmthwmdqmeyeumehnrqumdhmehqnrumrwumti is itmoptil