I request an expert to answer this question I'm not able to get the balance sheet Please help - Accountancy - Accounting for Not-for-Profit Organisation

Question

I request an expert to answer this question I'm not able to get the
balance sheet Please help

Additional info:
1) on 31 march 2013,subscriptions of rs 2500( including 2000 for
2011-12) were in arrears and insurance charges of rs 300 were
prepaid
2) on 1 April 2012 club had the following
a Fax machine of 4000
b Investments 2500
c Salary o/s 1500 and insurance prepaid 500
3) charge dep on fax machine @10%

Nitin Verma · Accepted Answer

Dear Student,

Income and Expenditure
Account
for the year ending31 03 2013

Dr

Cr

Expenditure
Amount
(Rs)
Income
Amount (Rs)

Salary (12500-1,500)
11,000
Subscription (2,300+700)

3,000

Insurance (2,000+500-300)
2,200
Charity show
2,500

Sundry expenses
400
Sale of newspaper
1,300

Expenses on charity
1,100
Deficit
9,130

Office expenses
700

Depreciation on FAX Machine
530

15,930

Balance
Sheet
as on 31 03 2013

Liabilities
Amount
(Rs)
Assets
Amount (Rs)

Capital Fund

FAX Machine
6,070

Opening Balance
41,200

(4,000+2,600-400-130)

Less: Deficit
9,130
32,070

Investments
(10,000+2,500)
12,500

Subscription Received in
Advance
600
Subscription Outstanding
2,500

Donation for building
4000
Prepaid insurance
300

Cash
15,300

36,670

Calculation of Capital Fund

Balance
Sheet
as on 31 03 2012

Liabilities
Amount
(Rs)
Assets
Amount (Rs)

Outstanding salary
1,500
FAX Machine
4,000

Capital Fund (Balancing
Figure)
41,200
Investments
2,500

Subscription Outstanding
700

Cash
35,000

Prepaid insurance
500

42,700

Regards

Income and Expenditure Account for the year ending31.03.2013
Dr.			Cr.
Expenditure	Amount (Rs)	Income	Amount (Rs)
Salary (12500-1,500)	11,000	Subscription (2,300+700)	3,000
Insurance (2,000+500-300)	2,200	Charity show	2,500
Sundry expenses	400	Sale of newspaper	1,300
Expenses on charity	1,100	Deficit	9,130
Office expenses	700
Depreciation on FAX Machine	530



	15,930		15,930

Balance Sheet as on 31.03.2013
Liabilities		Amount (Rs)	Assets	Amount (Rs)
Capital Fund			FAX Machine	6,070
Opening Balance	41,200		(4,000+2,600-400-130)
Less: Deficit	9,130	32,070
			Investments (10,000+2,500)	12,500
Subscription Received in Advance		600	Subscription Outstanding	2,500
Donation for building		4000	Prepaid insurance	300
			Cash	15,300

			.


		36,670		36,670

Balance Sheet as on 31.03.2012
Liabilities	Amount (Rs)	Assets	Amount (Rs)
Outstanding salary	1,500	FAX. Machine	4,000
Capital Fund (Balancing Figure)	41,200	Investments	2,500
		Subscription Outstanding	700
		Cash	35,000
		Prepaid insurance	500

	42,700		42,700