Question

Q.2. From the following Trial Balance and the additional information, prepare Income and Expenditure A/c for the year
ended 31st December, 2019 and a Balance Sheet as on that date of JPG Club:
Debit Balance
Rs.
Club Building
Credit Balance
Rs.
37,400 Hire of Hall
Library Books
3,670
2,280 Rent
Furniture & Fixtures
6,700
3,520 Annual Subscription
Glass, Cutlery etc. on 1.1.19
12,150
2,000 Billiard Room Receipts
3,845
Glass, Cutlery etc. Purchased during 2019 1,000 Profit on Sale of Wine, Cigars etc
1,200
Printing & Stationery
225 Sale of Tickets for Annual Dinner
1,600
Entertainment Cost
345 Donation
8,500
Billiard Room
10,400 Newspapers & Magazines
95
Billiard Room Expenses
2,135 Interest on Bank Deposits
25
Arrear Subscription on 1.1.19
1,125 Entrance Fees
225
Honorarium
1,500 Sundry Creditors
3,135
Annual Dinner Expenses
1,875 General Fund
32,940
Salaries to Staff
2,700
Audit Fees
600
Repairing, Cleaning and Washing
350
News Papers & Magazines
180
Bank Charges
20
Election Expenses
2,995
300
Stock of Wine, Cigars etc on 31.12.2019
1,400
Cash in hand
Cash at bank
1,735
Notes:
(a) Stock of Stationery and Printing om 31.12.2019 Rs.35.
(b) Out of total subscription, Rs.1,125 represented arrear collected and Rs.760 paid in advance.
(c) An amount of Rs.500 was outstanding on account of Rent.
(d) Unpaid Salary amounted to Rs.200.
(e) Entrance fees to be capitalised,
(f) Rs.3,600 out of donations represented amount donated to Election Fund and of the balance, half
amounted should be capitalised.
(g) Depreciation to be provided as under:
1. Library books-10% 2. Furniture and Fixture-15% 3. Club Building-5% 4. Glass, Cutlery etc. are to
depreciated on the following basis: 1/5th of their value is to be written off in the year of purchases
2/5th in each of the next 2 years. Of the stock of glass, cutlery etc. on 1.1.19 (Rs.2,000) one-half was a
[C.A. (Inter)]
old and the other two years old.​

Answer 1

Answer:

I don't know that one sorry for that