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S.FolIowing are the Sheet and
• and or Buddivardaka
Balance sheet as on 31-03-2017
Cash in hand
Furn i ture
O / S Subscriptions
Receipt and payment A/C for the year ending 31-03-2018
TO Balance b / d
Sale Of old newspaper
" Sundry Receipts
Balance c/ d
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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