Receipts | Amt (Rs.) | Payments | Amt (Rs.) |
To Cash at Bank | 15,000 | By Salaries | 3,000 |
To Subscriptions | 63,000 | By Printing and Stationery | 1,500 |
To Annual Day Receipts | 32,160 | By Annual Day Expenses | 3,000 |
To Mushaira Receipts | 26,400 | By Telephone Charges | 3,000 |
To Dividend Receipts | 2,400 | By Sundry Expenses | 2,400 |
By Investments in Shares | 90,000 | ||
By Postage and Telegrams | 2,700 | ||
By Building Maintenance | 7,200 | ||
By Rent of Theatre | 12,000 | ||
By Cash at Bank | 14,160 | ||
1,38,960 | 1,38,960 |
(i) On 1st April, 2017, buildings stood in the books at Rs. 60,000 and investments in shares at Rs. 6,000. Buildings are subject to depreciation @ 5% p.a. |
(ii) There were 200 members paying subscription at the rate of Rs. 300 p.a. each. Some members have paid their annual subscription in advance during the year. |
(iii) As on 1st April, 2017, no subscription had been received in advance but subscriptions were outstanding to the extent of Rs. 1,200 as at 31st March, 2017. Subscription accrued as on 31st March, 2018 was Rs. 1,800. |
(iv) Postage stamps worth Rs. 300 were in stock with secretary as on 1st April, 2017and as on 31st March, 2018, they were valued at Rs. 180. |
(v) Telephone charges paid in advance were Rs. 360. |
Answer:
Income and expenditure account (Surplus) = Rs. 83,400 and total of balance sheet (2018) = Rs. 1,69,500 Capital fund = Rs. 82,500
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