Question

prepare income and expenditure account
Receipts and Payments Account for the year ended 31st March, 2018 (0) Payments 20.000 By Salaries 2000
By Electricity Charges By Rent 5.000
By Printing and Stationery 45,000
By New Furniture purchased on 1st Oct, 2017 7,000
By Investments @ 12% p.a on 1st July, 2017 2,000
By Other Expenses 12,000
By Balance on 31st March, 2018 Receio
To Balance on 1st Aont 2017
To Entrance Fees
To Subscriptions for the year 2016-17 2017.78 2018-19
To interest on investments
To Pratt on entertainment
Depreciate Furniture by 10% p.a. On 31st March, 2018, amount owing on account of Salaries is 24.000; Subscriptions outstanding are 3,000. On 1st April, 2017 the Club possessed Furniture Forch 30,000 and owed 2,000 on account of salaries.
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Answer 1

Answer:

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