Accountancy, asked by sakshisingh62799, 10 months ago

VIPUOVI
e year
6. From the tol
tollowing 1VI1uous and receipts and Payments And
ceipts and Payments Account of Jharkhand Club, Ranchi, prepare an
Expenditure Account for the year ended 31st March, 2016 and a Balance Sheet as at that date :
Receipts
Amount
Payments
Amount
250
000
250
Pay.
To Balance b/d :
Cash in hand
Cash at Bank
To Subscription (including
200 in advance)
To Interest on Investment
(Cost 30,000)
To Sale of Furniture (Cost 7320)
To Bank Interest
ou are
By Salaries
455 By Rent
55 By Stationery
By Postage
3,000 By Govt. Security
By Bicycle
1,500 By Balance c/d :
250 Cash in hand
10 Cash at bank
5,270
3,600
600
145
25
380
395
ount
3,000
12
113
5,270
2,500
5,000
5,000
5,000
9,000
40
360
2,000
Other information :
3600
(a) Subscription includes 120 for the last year.
(b) Rent includes 50 for the last year.
(c) Subscription outstanding for the current year is 150.
(d) Rent outstanding for the current year is 50.
(e) Outstanding payment for stationery is * 25.
Ans. Deficit 125; Opening Capital Fund 30,900; B/S Total 31,050]
5,750
5,000
mo
1.a
1150
20
30
600
120
,250
390
395​

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