Assets (1st April, 2017) | Amt (Rs.) |
Ground and Pavilion | 50,000 |
Sports Equipment | 30,000 |
Furniture | 7,000 |
Stock of Stationery | 1,000 |
Subscription Due | 1,200 |
Receipts | Amt (Rs.) | Payments | Amt (Rs.) | |
To Balance b/d | 5,000 | By Stationery | 3,000 | |
To Subscriptions | By Salaries | 10,000 | ||
2016 - 17 | 900 | By Audit Fees | 1,000 | |
2017 - 18 | 18,000 | By Advertising | 2,000 | |
2018 - 19 | 500 | 19,400 | By Fire Insurance | 1,500 |
To Sale of Newspapers | 300 | By furniture | 2,000 | |
To Rent Received | 2,200 | By Investments | 18,000 | |
To Entrance Fees | 12,000 | By Balance c/d | 1,400 | |
38,900 | 38,900 |
Expenditure | Amt (Rs.) | Income | Amt (Rs.) | |
To Salaries | 11,000 | By Subscription | 19,000 | |
To Stationery | 2,800 | By Entrance Fees | 12,000 | |
To Audit Fees | 1,500 | By Rent Received | 2,400 | |
To Advertising | 3,000 | By Sale of Newspapers | 300 | |
To Fire Insurance | 1,200 | |||
To Depreciation | ||||
Sports Equipment | 5,000 | |||
Furniture | 800 | 5800 | ||
To Surplus, i.e. Excess of | ||||
Income over Expenditure | 8,400 | |||
33,700 | 33,700 |
Answer:
Balance sheet amount = Rs. 1,05,600
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