Dear Student Income and Expenditure A/c Cr Date Particulars Amount Date Particulars Amount (Rs) (Rs) Loss on sale of Car 1,500 Subscriptions 36,000 Salaries 30,000 Bank Interest 200 Rent 6,500 Interest on Investment 200 Printing and Stationery 1,800 Postage 400 Defecit 3,800 40,200 40,200 Working Subscriptions for the current Year Total Subscriptions received 40,000 Less : Received for previous year 2008 8,000 Less : Reveived in advance for next year 2010 4,000 Add : Subscriptions of current year outstanding at the end 8,000 36,000 Interest on Investment : 8,000 x 5% x 6/12 = 200 Loss on Sale of car = Book value - Sale Price = 5,500 - 4,000 = 1,500/- Rent and Stationery upaid in the end would be added to the amount from receipt and Expenditure A/c Regards

Inc and exp

Dear Student

Income and Expenditure A/c
						Cr.
Date	Particulars	Amount	Date	Particulars	Amount
Date	Particulars	(Rs)	Date	Particulars	(Rs)
	Loss on sale of Car	1,500		Subscriptions	36,000
	Salaries	30,000		Bank Interest	200
	Rent	6,500		Interest on Investment	200
	Printing and Stationery	1,800
	Postage	400

				Defecit	3,800



		40,200			40,200

Working

Subscriptions for the current Year
Total Subscriptions received	40,000
Less : Received for previous year 2008	8,000
Less : Reveived in advance for next year 2010	4,000
Add : Subscriptions of current year outstanding at the end	8,000	36,000

Interest on Investment : 8,000 x 5% x 6/12 = 200 .
Loss on Sale of car = Book value - Sale Price = 5,500 - 4,000 = 1,500/-
Rent and Stationery upaid in the end would be added to the amount from receipt and Expenditure A/c.

Regards

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