Cash at bank 300 By Salaries 1,375 To subscriptions 2,500 By Sundry expenses 25 To Donations 725 By Equipments purchased 750 To Interest for full year on By Charity show expenses 50 investments @ 7% per By balances e/f: annum 350 Cash in hand 25 To charity show receipts 500 Cash at bank 200 4,425 4,425 Additional information On 31.3.2001 On 31.3.2002 [Rs. [Rs. ‘000] ‘000] Subscription outstanding 25 50 Subscription received in 50 25 Stock of medicines 500 750 Amounts due to suppliers of medicines 400 600 Value of equipments 1,050 1,500 of buildings 2,000 1,900 You are required to prepare income and expenditure account for the year ended 31st March, 2002 and the balance sheet as on that date. Q.11 A summary of Receipts and Payments of Bakers Club for the year 31st March, 2008 Receipts Rs. Payments Rs. To Opening Balance 3,000 By Salaries & Rent 1,500 Subscription 20,000 Electric Charges 3 0 “ “ 0 Donations 5,000 Sports Expenses “ ‘’ 1,000 Entrance Fees 1,000 Sports goods purchase “ “ 9,000 Interest 1 0 Books purchase “ ‘‘ 0 5,000 Charity show Receipts Miscellaneous Expenses “ “ 2,400 7 0 Charity show Expenses “ 0 Investment “ 2,000 Closing balance “ 8,000 31,500 31,500 4,000 Following information are available at the end of the year : (i) Of the subscriptions received Rs. 500 for 2006-07 and Rs. 600 for 2008-09 but Rs. 100 is due for 2007-08.
Cash at bank To subscriptions To Donations To Interest for full year on investments @ 7% per annum To charity show receipts 300 2,500 725 350 500 4,425 By Salaries By Sundry expenses By Equipments purchased By Charity show expenses By balances e/f: Cash in hand Cash at bank 1,375 25 750 50 25 200 4,425 Additional information On 31.3.2001 On 31.3.2002 [Rs. ‘000] [Rs. ‘000] Subscription outstanding 25 50 Subscription received in 50 25 Stock of medicines 500 750 Amounts due to suppliers of medicines 400 600 Value of equipments 1,050 1,500 of buildings 2,000 1,900 You are required to prepare income and expenditure account for the year ended 31st March, 2002 and the balance sheet as on that date. Q.11 A summary of Receipts and Payments of Bakers Club for the year 31st March, 2008 Receipts Rs. Payments Rs. To Opening Balance “ Subscription “ Donations “ Entrance Fees “ Interest “ Charity show Receipts 3,000 20,000 5,000 1,000 1 0 0 2,400 By Salaries & Rent “ Electric Charges ‘’ Sports Expenses “ Sports goods purchase ‘‘ Books purchase “ Miscellaneous Expenses “ Charity show Expenses “ Investment “ Closing balance 1,500 3 0 0 1,000 9,000 5,000 7 0 0 2,000 8,000 4,000 31,500 31,500 Following information are available at the end of the year : (i) Of the subscriptions received Rs. 500 for 2006-07 and Rs. 600 for 2008-09 but Rs. 100 is due for 2007-08.
bcom_notes.docx