prepare the receipt and payment account of Madhav club for the year ended 31st December 2017 from the following information first balance of cash on 1st January 2017 second point members was the club has 500 member is paying 20 rupees. 40 member did not pay the membership fees whereas 10 member paid next year membership fees in advance third point rent up-to January 2018 100 per month has been paid four the point salary salary 500 per month has been paid upto October 2017point furniture 500 were paid in advance in November 2017 for supplying furniture but furniture worth 600 rupees could be received up to the end of the year 6 point electric 2 electricity pain to Electricity fans costing 350 each were purchase on credit but 500 rupees only were paid up to the end of the year seventh point electricity charge electricity charge 150 were rupees paid and 15rupees were outstanding 8 sundry expense 250 were paid and 50 were outstanding.
Answers
Answer:
prepare the receipt and payment account of Madhav club for the year ended 31st December 2017 from the following information first balance of cash on 1st January 2017 second point members was the club has 500 member is paying 20 rupees. 40 member did not pay the membership fees whereas 10 member paid next year membership fees in advance third point rent up-to January 2018 100 per month has been paid four the point salary salary 500 per month has been paid upto October 2017point furniture 500 were paid in advance in November 2017 for supplying furniture but furniture worth 600 rupees could be received up to the end of the year 6 point electric 2 electricity pain to Electricity fans costing 350 each were purchase on credit but 500 rupees only were paid up to the end of the year seventh point electricity charge electricity charge 150 were rupees paid and 15rupees were outstanding 8 sundry expense 250 were paid and 50 were outstanding