Please solve it. Opening capital fund is 135100.
Dear Student,
Working Notes:
Regards
| Expenditure | Amount(Rs.) | Income | Amount(Rs.) |
|---|---|---|---|
| To loss on sale of furniture To salary 22,000 add: o/s 2,000 To travelling expenses To stationery To repairs To rent 16,000 add: o/s(current year) 4,000 less: o/s(previous year) 4,000 To depreciation on books To depreciation on furniture To surplus |
2,000 24,000 8,000 2,300 700 16,000 3,000 2,000 13,000 |
By subscription 60,200 less: o/s(2018-19) 800 add: o/s(2020-21) 4,000 add: advance(2018-19) 2,000 less: advance(2020-21) 3,200 By donation By entrance fee By interest on investment |
62,200 3,000 800 5,000 |
| 71,000 | 71,000 |
| Liabilities | Amount(Rs.) | Assets | Amount(Rs.) |
|---|---|---|---|
| Advance Subscription O/s salary O/s rent Capital Fund 1,31,100 Add: Life Membership Fee 7,000 Add: Surplus 13,000 |
3,200 2,000 4,000 1,51,100 |
O/s subscription Investment Books 13,500 Add: Purchases 6,000 Less: Depreciation 3,000 Furniture 16,000 Less: Sales(book value) 6,000 Less: Depreciation 2,000 Building Cash in hand |
4,000 1,00,000 16,500 8,000 30,000 1,800 |
| 1,60,300 | 1,60,300 |
Working Notes:
| Liabilities | Amount(Rs.) | Assets | Amount(Rs.) |
|---|---|---|---|
| Advance Subscription O/s Rent Capital fund(bal. fig.) |
2,000 4,000 1,31,100 |
Cash in hand O/s subscription Investment(5,000x100/5) Books Furniture |
6,800 800 1,00,000 13,500 16,000 |
| 1,37,100 | 1,37,100 |
Regards