Question

Prepare Income and Expenditure Account from the following Receipts and Payments Account of Delhi Nursing Society for the year ended 31st March, 2018:
Donation of ₹10,000 received for Building Fund was wrongly included in the Subscriptions Account. A bill of medicines purchased during the year amounted to ₹12,800 was outstanding. Government Grant is not for a specific purpose.

Answer 1

Calculation of Deficit:

Deficit= Total expenditure- Total income

         =2,87,500- 2,32,400

         = 55,100

Explanation:

The wrongly debited subscription amount to be deducted from subscriptions amount. the outstanding expenses have to be added with drug and incidental amount.

Answer 2

Answer:

here is your answer frnd

Explanation:

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