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S.FolIowing are the Sheet and
• and or Buddivardaka
Library, Shiras'.
Liabilities
Outstanding Rent
Capital Fund
Balance sheet as on 31-03-2017
200
23,800
24,000
Cash in hand
Books
Furn i ture
O / S Subscriptions
1,400
14,000
8,000
600
24,000
Receipt and payment A/C for the year ending 31-03-2018
Recei ts
TO Balance b / d
" Subscriptions
Entrance Fees
Sale Of old newspaper
" Sundry Receipts
Donations
Adjustments:
1,400
12,000
2,000
1,000
600
4 000
21,000
By Rent
" Printing
Office expenses
" Books
' Investments
Balance c/ d
-17)
2,400
,200
2,800
10,000
2 600
21 ,ooo
a) Outstanding Rent 31-03-2018 was Rs.300
b) Subscriptions receivable for the year 2017-18 amounted to Rs.400
c) Subscriptions received in advance for the year 2018-19 was Rs.800,
d) Half of the Entrance Fees and half of the Donations arc to be Capitalized,
e) Depreciate Books at 10% p.a. Furniture atv%.
Prepare: J) Income and Expenditure Account
2)Bayance Sheet as on 31-03-2018.
Answer: 1 & E surplus Rs.6,800, Total ofB/S RS.34,700.
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