Question

| | Subject: BOOK KEEPING & ACCOUNTS The fishing is the Recipes and Payments AlcofRamnagar Sporting club Wardha for the year 31-03-2002 Receipts and Payment A/e for the year ending 31/03/2002 Receipts Payment To Balance bid 3.200 By Bank overdrafts (1/4/01) 6,000 To Subscriptions By Investments 8,000 2000-01 800 By Furniture 3,200 2001-02 36,400 By Salaries and Wages 15,200 2002-03 200 37.600 By Printing & Stationery 1,700 To Income from Drama 6.000 By Insurance 300 To Entrance Fees 1,400 By Cost of Staging Drama 3,000 To Interest on Securities 1.000 By General Expenses 3,000 To Saleofold Furniture 300 By Cash in Hand 1,200 By Cash at Bank 7,900 49.500 49,500 Additional Information: 1) Subscription 200 are in arrears for the year 2000-01. Subscription of 3,000 to be received for the year 2001-02 2) Entrance Fees to be capitalised 3) Stock of Stationary on 31/03/2001 was 500 and Stock of Stationary on 31/03/2002 was 150. - Salaries outstanding on 31/03/2002 are 1,000. 5) Balances on 01/04/2001: Land & Building 60,000; Investment 10,000; Furniture 6,000. ) Depreciate Land & Building and Furniture at 5%p. a. Depreciation to be calculated on opening Balances) You are required to prepare Income and Expenditure Ale for the year ended 31/03/2002 and Balance Sheet as on the date. With full solution with income and expenditure a/c and balance sheet​

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