plz slv this question. NPO
Income and Expenditure Account for the year ended March 31, 2018 |
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Dr. |
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Cr. |
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Expenditure |
Amount (Rs) |
Income |
Amount (Rs) |
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Salary |
20,000 |
Subscriptions |
1,20,000 |
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Repair Expenses |
5,000 |
Add: Outstanding |
9,000 |
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Miscellaneous Expenses |
5,000 |
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Less: Advance |
3,500 |
1,25,500 |
|
Less: Prepaid |
900 |
4,100 |
Entrance Fees |
10,000 |
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Insurance Premium |
2,000 |
|
Interest on Investments |
1,000 |
|
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Add: Outstanding |
400 |
2,400 |
Add: Accrued interest (60,000 × 8% × 5/12) |
2,000 |
3,000 |
|
Paper, Ink, etc. |
1,500 |
Donation |
|
50,000 |
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Surplus (Balancing Figure) |
1,66,500 |
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Interest received from Bank |
4,000 |
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Sale of Old Newspapers |
1,500 |
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Receipts from Sale of Drama Tickets |
10,500 |
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|
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Less: Drama Expenses |
5,000 |
5,500 |
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|
1,99,500 |
|
1,99,500 |
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Balance Sheet as on April 01, 2017 |
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Liabilities |
Amount (Rs) |
Assets |
Amount (Rs) |
Creditors for Billiard Table |
80,000 |
Billiard Table |
3,00,000 |
|
|
Cash in hand |
40,000 |
Capital Fund (Balancing Figure) |
3,60,000 |
Cash at bank |
1,00,000 |
|
4,40,000 |
|
4,40,000 |
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Balance Sheet as on March 31, 2018 |
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Liabilities |
Amount (Rs) |
Assets |
Amount (Rs) |
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Advance Subscriptions |
3,500 |
Subscriptions Outstanding |
9,000 |
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Insurance Premium Outstanding |
400 |
Prepaid Miscellaneous Expenses |
900 |
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Capital Fund |
3,60,000 |
|
Investments |
60,000 |
|
Add: Surplus |
1,66,500 |
5,26,500 |
Add: Accrued Interest |
2,000 |
62,000 |
|
|
Billiard Table |
3,00,000 |
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Furniture |
60,000 |
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Cash in hand |
26,500 |
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Cash at bank |
72,000 |
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|
5,30,400 |
|
5,30,400 |
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