Question

Randers are paid in advance up to Jist Marc
1.200 Telephone cxpenses 1/3 rd 70 is unpaid, Sundry expenses ? 140 was not paid on 31
12-1996
(iv) The value of building. on 31-12-1996 was 20,000. Charge depreciation on it @ 6%
Aes. Surplus , Capital Pund on 1-1-1997 2 22,170 and Balance Sheet total
13.040.)
31. The following information are obtained from Swati Club, Jabalpur on 31-12-1998:
Receipts
Amount
Payments
Amount
10,000
800
900
1,500
To Balance (1-1-98)
To Entrance Fee
To Interest Received
To Rent of Hall
To Subscription
Last Year 150
Current Year 7,000
Coming Year 300
By Salary
By Creditors
By Travelling Expenses
By General Expenses
By Fixed Deposit
By Carpet
By Balance (31-12-98)
3,000
4,000
400
1,500
3,500
500
7,750
7,450
20,650
20.650
The following are the assets and liabilities of the club on 1-1-1998:
Carpet ? 2,000, Creditors ? 2,500, Consumable stores ? 1,000, Fumiture ? 500. The following
are the assets and liabilities of the club on 31-12-1998 :
Creditors + 1,500, Outstanding subscription 400, Interest accrued on fixed deposit 100 and
Consumable stores ? 4,000.
Charge depreciation on furniture @10% and on Carpets 20% on the closing balance.
Prepare opening balance sheet, Closing balance sheet and Income and Expenditure Account
of the club on 31-12-1998.
[[Ans. Surplus 2 65,250, Balance Sheet total 18,200, Opening Capital 11,150.]

Answer 1

Answer:

I am in 11 th standard so sorry bro