Question

To
en
ILLUSTRATION 18. (Creditors for Buttdings)
Prepare Income and Expenditure Account of Lions Club for the year ending 31st March
2009 and a Balance Sheet as on that date from the following:
RECEIPTS AND PAYMENTS A/C
for the year ending 31-3-2009
Payments
₹
₹
Receipts
To Balance b/d
60,000
Cash
Bank
To Subscription
By Salary
20,000
Secretary
1,20,000 1,40,000
Staff
By Canteen expenses
5,000
By Misc. Expenses
55,000
By Construction of building
4,000
64,000 By Balance c/d
10,000 Cash
50,000 1,10,000
1,20,000
25,000
1,50,000
2007-08
2008-09
2009-10
13,000
40,000
20,000
Bank
53,000
To Interest from Bank
To Sale of Old Furniture
To Sale of Old Newspapers
To Canteen Collections
To Donation for Building
4,000
1,20,000
1,00,000
4,58,000
4.58.000
sales
for huttligt
Additional Information:
​

Answer 1

Answer:

Ｔｏ

ｅｎ

ＩＬＬＵＳＴＲＡＴＩＯＮ 18. (Ｃｒｅｄｉｔｏｒｓ ｆｏｒ Ｂｕｔｔｄｉｎｇｓ)

Ｐｒｅｐａｒｅ Ｉｎｃｏｍｅ ａｎｄ Ｅｘｐｅｎｄｉｔｕｒｅ Ａｃｃｏｕｎｔ ｏｆ Ｌｉｏｎｓ Ｃｌｕｂ ｆｏｒ ｔｈｅ ｙｅａｒ ｅｎｄｉｎｇ 31ｓｔ Ｍａｒｃｈ

2009 ａｎｄ ａ Ｂａｌａｎｃｅ Ｓｈｅｅｔ ａｓ ｏｎ ｔｈａｔ ｄａｔｅ ｆｒｏｍ ｔｈｅ ｆｏｌｌｏｗｉｎｇ:

ＲＥＣＥＩＰＴＳ ＡＮＤ ＰＡＹＭＥＮＴＳ Ａ/Ｃ

ｆｏｒ ｔｈｅ ｙｅａｒ ｅｎｄｉｎｇ 31-3-2009

Ｐａｙｍｅｎｔｓ

₹

₹

Ｒｅｃｅｉｐｔｓ

Ｔｏ Ｂａｌａｎｃｅ ｂ/ｄ

60,000

Ｃａｓｈ

Ｂａｎｋ

Ｔｏ Ｓｕｂｓｃｒｉｐｔｉｏｎ

Ｂｙ Ｓａｌａｒｙ

20,000

Ｓｅｃｒｅｔａｒｙ

1,20,000 1,40,000

Ｓｔａｆｆ

Ｂｙ Ｃａｎｔｅｅｎ ｅｘｐｅｎｓｅｓ

5,000

Ｂｙ Ｍｉｓｃ. Ｅｘｐｅｎｓｅｓ

55,000

Ｂｙ Ｃｏｎｓｔｒｕｃｔｉｏｎ ｏｆ ｂｕｉｌｄｉｎｇ

4,000

64,000 Ｂｙ Ｂａｌａｎｃｅ ｃ/ｄ

10,000 Ｃａｓｈ

50,000 1,10,000

1,20,000

25,000

1,50,000

2007-08

2008-09

2009-10

13,000

40,000

20,000

Ｂａｎｋ

53,000

Ｔｏ Ｉｎｔｅｒｅｓｔ ｆｒｏｍ Ｂａｎｋ

Ｔｏ Ｓａｌｅ ｏｆ Ｏｌｄ Ｆｕｒｎｉｔｕｒｅ

Ｔｏ Ｓａｌｅ ｏｆ Ｏｌｄ Ｎｅｗｓｐａｐｅｒｓ

Ｔｏ Ｃａｎｔｅｅｎ Ｃｏｌｌｅｃｔｉｏｎｓ

Ｔｏ Ｄｏｎａｔｉｏｎ ｆｏｒ Ｂｕｉｌｄｉｎｇ

4,000

1,20,000

1,00,000

4,58,000

4.58.000

ｓａｌｅｓ

ｆｏｒ ｈｕｔｔｌｉｇｔ