Question

question

⭐ Prepare the receipt and payment account for ngo indulge in providing educational to needy students with the imaginary income and expenses ??​

Answer 1

Answer:

The Receipt and Payment Account of Harimohan charitable institution is given:

(i) It was decided to treat Fifty per cent of the amount received on account of Legacies and Donations as income.

(ii) Liabilities to be provided for are: Rent Rs. 800; Salaries Rs. 1,200, advertisement Rs. 200.

(iii) Rs. 2,000 due for interest on investment was not actually received.

Explanation:

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Answer 2

prepare the recipient and payment account for ngo indulge in providing educational to needy students with the imaginary income and expenses ??