Prepare Profit & Loss Appropriation Account and Partners Capital Account. From the following information supplied by the accountant of Lions Club for the year ended 31st March, 2018, prepare Income and Expenditure Account.
Additional Information:
The club has 400 members each paying an annual subscription of 50.
Stock of Stationery on 31.3.2017 780 and on 31.3.2018 860.
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Answer:
31.3.2017 780 or
Explanation:
31.3.2018 860.
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