following are the balance sheet and receipt and payment account Durga sports club koratagere
following are the balance sheet and receipt and payment account Durga sports club koratagere 04. Followings are the Balance Sheet and Receipt and Payment Account
Sports Club, Koratagere.
Balance Sheet as on 01-01-2017
O/ S subscriptions
Receipt and Payment A/C for the year ended 31
To Balance b/d
To Su bscriptions
To Entrance Fees
To Sale of old newspapers
To Sale of old sports
7 , 000
By purchase of Sports
By Fixed Deposits
By General expenses
By Lighting Charges
By Balance c/ d
a. Subscriptions outstanding for the year 2017 is 3,000.
b. Subscriptions received in advance for the year 2018
c. Depreciate sports materials by
d. Capitalize entrance fees.
e. Outstanding lighting charges 300.
Prepare: (i) Income and Expenditure Account and
(ii) Balance Sheet as on 31-12-2017.
Answer: 1 & E A/C Surplus 31,900, Total of B/S 67,700
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