Rs. Rs. Salaries 11500 Subscription 25600 Printing & Stationery 2200 Entrance fees 10500 fees 500 Rent received 4000 Advertising 1600 Fire Insurance 1000 Depreciation: On sports equipment 9000 Excess of income over 14300 expenditure 40100 40100 Q. 24 From the following Receipts and payments Account of Cricket Club and the additional information given, prepare the Income and Expenditure account for the year ending 31-12-99 and the Balance Sheet on that date: RECEIPTS AND PAYMENTS A/C for the year ending 31-12-1999 To Bal. b/d Rs. Rs. By Maintenance 6,820 Cash 3,520 By Crockery Bank 27,380 Purchased 2,650 Deposit By Expenses 13,240 @ 6% 30,000 By salaries 11,000 To Subscription By Conveyance 820 (including Rs. By Upkeep of Lawns 4,240 6,000 for 1998) 40,000 By Postage Stamps 1,050 To Entrance Fees 2,750 By Purchase of To Donation 5,010 Cricket goods 9,720 To Interest on Fixed By Sundry Expenses 2,000 Deposits 900 By Investments 5,700
Rs. Rs. Salaries Printing & Stationery fees Advertising Fire Insurance Depreciation: On sports equipment Excess of income over expenditure 11500 2200 500 1600 1000 9000 14300 40100 Subscription Entrance fees Rent received 25600 10500 4000 40100 Q. 24 From the following Receipts and payments Account of Cricket Club and the additional information given, prepare the Income and Expenditure account for the year ending 31-12-99 and the Balance Sheet on that date: RECEIPTS AND PAYMENTS A/C for the year ending 31-12-1999 To Bal. b/d Cash Bank Deposit @ 6% To Subscription (including Rs. 6,000 for 1998) To Entrance Fees To Donation To Interest on Fixed Deposits Rs. 3,520 27,380 30,000 40,000 2,750 5,010 900 By Maintenance By Crockery Purchased By Expenses By salaries By Conveyance By Upkeep of Lawns By Postage Stamps By Purchase of Cricket goods By Sundry Expenses By Investments Rs. 6,820 2,650 13,240 11,000 820 4,240 1,050 9,720 2,000 5,700
bcom_notes.docx