Receipts | Amt (Rs.) | Payments | Amt (Rs.) |
To Balance b/d | By Salaries | 15,125 | |
Cash | 4,250 | By Insurance | 3,935 |
Bank | 15,500 | By Furniture Purchased (during the year) | 6,390 |
To Entrance Fees | 18,125 | By Postage | 3,185 |
To Subscription Received | By Printing and Stationery | 8,440 | |
2016-17 | 4,000 | By Sundry Expenses | 5,625 |
2017-18 | 55,625 | By Members Meeting expenses | 31,375 |
To Sale of Old Newspapers | 1,375 | By Closing Balance | |
To Lecture Meet Fees | 4,750 | Cash | 16,875 |
To Sale of Old Furniture (1st Oct, 2017) | 6,825 | Bank | 19,500 |
1,10,450 | 1,10,450 |
Expenditure | Amt (Rs.) | Income | Amt (Rs.) | |
To Salaries | 15,125 | By Entrance Fees | 18,125 | |
To Insurance | 3,935 | By Subscription | 55,625 | |
To Postage | 3,185 | (+) Outstanding for Current Year | 6,875 | 62,500 |
To Printing and Stationery | 8,440 | By Lecture Meet Fees | 4,750 | |
To Sundry Expenses | 5,625 | (+) Outstanding Per Current Year | 1,500 | 6,250 |
To Members Meeting Expenses | 31,375 | By Sale of Newspapers | 1,375 | |
To Depreciation: Furniture @ 10% | 515 | By Profit on Sale of Furniture | 1,125 | |
Machinery @ 20% | 2,500 | |||
Building @ 10% | 12,500 | |||
To Excess of Income over | ||||
Expenditure | 6,175 | |||
89,375 | 89,375 |
Details: | (31st March, 2017) | (31st March, 2018) | |
(i) | Subscription Due and Outstanding | 5,000 | .... |
(ii) | Club Building | .... | 1,12,500 |
Answer:
Total of balance sheet of 31st March, 2017= Rs. 1,68,250 Total of balance sheet of 31st March, 2018 = Rs. 1,74,425
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