following are the balance sheet and receipt and payment account of Malnad Sports club chikkamangalore

following are the balance sheet and receipt and payment account of Malnad Sports club chikkamangalore 05. Followings are the Balance Sheet and Receipt and Payment Account of Malnad Sports Club, Chikkamagaluru. Balance Sheet as on 31-03-2017 Liabilities Outstanding salary Outstanding rent Subs. received in advance Capital Fund Assets 3 Cash at Bank 800 Outstanding su bs. Investments 4,000 Sports Materials 1,3(),8()() Furniture Receipt and Payment A/C for the year ending 31-03-2018 Dr. Receipts To Balance b/d To subscriptions 2016-17 2017-18 2018-19 To Donations To Entrance fees To Interest To Sale of old sports materials Adjustments: 52,400 4,800 90,200 4,200 32,400 65,200 2,800 2,000 Payments By Rent: 2016-17 2017-18 By Salaries: 2016-17 2017-18 2018-19 By Printing By General Expenses By Furniture (31-03-2018) By Sports Materials (01-10-2017) By Balance c/d 52 ,400 4,800 5,200 43,600 32,800 800 8,800 3,200 46,400 2,400 15,200 10,800 57 ,600 60,800 a. Subscriptions outstanding 5,600. b. Printing unpaid 1,000. c. Interest accrued 800. d. Depreciate furniture by 10% and sports materials by 10%. e. Capitalize 50% of donations. Prepare: (i) Income and Expenditure account and (ii) Balance Sheet as on 31-03-2018. Answer: 1 & E A/C surplus 92,080, Total of B/S 2,44,280

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