Question

The following was the receipts and psyments a/c of indian gymkhsna for the year ending on 31st march 2018: receipts : Dobation:50000 ,Life membership fee:4000, Quadrangular match fund:10000, Revenue receipts:subscription(including Rs.100for 2018-19 Lockers rent:100, Interest:100, Other match receipt: Cricket:400,sundries:50, Tennis:350, Billiards:200, Payments: Building:40000, Quadrangular Match exp.:900, Furniture:2100 ,Salaries:1800,Cricket:600, Tennis:540, Insurance up to 31 December, 2018:360 , Gardening exp.:170,Printing and stationary:30,Postage:250 Other expenses :150 , Investment:18000, Balance c/d:350
Adjustments: Subscription outstanding for 2017-18 are Rs.300; Salaries outstanding for March Rs. 170.From the above particulars prepare income and expenditure a/c for the year ending 31st March,2018.​

Answer 1

Answer:

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Explanation:

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Answer 2

Answer:

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