Please Solve this Ques NPO on the above date, Ramesh and Suresh decided to dissolve the firm. Ramesh
over the creditors and Suresh took over the bills payable. Assets
realized as follows:
Debtors 9,000; Furnitum Stock 6,000; Truck 32,000; Land and
Building Expenses of realisation paid by Ramesh were 1.200.
Prepare Realisation Account, Cash Account and Capital Accounts of the
partners to close the books of the firm.
15. Following are the particulars relatingto a club for the year ending 31.32018:
Receipts and Payments NC
for the year ending March 31st,
TO Balance
TO :
2016-17
2017-18
2018-19
43,500
Payments
By
By Purchases of
13,100 By Honorarium
By Match Expenses
By Purchases Of
Equipments
46 By Upkeep of Ground
3,500 By Electricity Charges
I, 600 By Balance
8m cash
5.000 Bank
5 ooo
2,200
18.0
25600
1,800
To Hire of Ground
To Sale of Old Newspaper
To Match Fund
Additional information:
Scanned with CamScanner
(i) On 1st April. 2017 the club Books of Stock of SBjrtS
equipment-s 14,400 and balance in Match fund 4,600.
in arrear we.m 2,000.
(ii) On 31st March, 2018, Subscription in arrear were 1500 for Current
(iii) Write Offdepreciation@25% on Books and Sports equipment. including
opening balances.
Prepare Income and Expenditure Account for the year ended 31st March,
2018 and also prepare the Balance Sheet of the club.
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