Question

Show that amount will appear in income & Expenditure A/c for the year ending 31-3-08 and Balance
nations for prizes received during the year 2007-08
Tund investments as at 31-3-2007 Rs 12.000. Interest received
I. Show what amount will appear in Income & Expenditure A/C
Sheet as at that date in each of the following cases:
Case (i): Prize Fund as at 31-3-2007 Rs 12.000. Donations for prizes received
RS2,800; Prizes awarded Rs 2.000; 10% prize fund investments as at 31
on prize fund investments Rs 600.
Case (ii): Stock of Stationery on 31-3-07 Rs 3,000. Creditors of stationery on
paid for stationery carried forward from 2006-07 Rs 200; Amount paid to
Rs 10,800, Stock of Stationery on 31-3-08 Rs 500, creditors for stationery on
paid for stationery on 31-3-08 Rs 300.
Case (iii) : Subscription outstanding as on 31-3-07 Rs 2,000, subscription received in a
3,000. Amount of subscription received during 2007-08 Rs 35,000 out of which is
and Rs 800 related to 2008-09. On 31-3-08 subscription outstanding for 2007-08 amounted to RS 1.
00. Creditors of stationery on 31-3-07 Rs 2.000; advance
om 2006-07 Rs 200; Amount paid for stationery during the year 2007-08
00, creditors for stationery on 31-3-08 Rs 1,300 and advance
1-3-07 Rs 2,000, subscription received in advance on 31-3-07 RS
uring 2007-08 Rs 35,000 out of which Rs 1,500 related to 2006-07
following in the income and expend
in the income and expenditure account
​please give answer

Answer 1

Answer:

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