Question number 15 me prepaid amount of insurance kya hoga

Question number 15 me prepaid amount of insurance kya hoga Questio Liabiliti Loan as at 31 24 Following receipts and payments account was prepared from 'he cash book ot youth Club tor the ymr ending receipts and payments account for the year ending Receipts and Payments Accmjnt the year ending 31st Oecember, b.'ci Loga;nes Inreres! on 'nvestrmen: Sale o' Old 23,000 36.oca g,ooo 400 P aytnents and Advertisem insula' v.: Inveslmenl Balmee c,'d Cash •n Cash at Bank 23.Coa '2000 1.2co 42 coc Iggoo 33.200_ Prepare income and expenditure account for the year ended 31st December. 2017 and d balance sheet on that dale after the following adjustments: (i) It was decided to treat —rd of the amount received on account of donation as income. (ii) Insurance premium was paid in advance for 3 months. (iii) Interest on investment 2,200 accrued was not received- (iv) Rent? 1,200, salary? 1,800 and advertisement expenses 2,000 outstanding as on 31st December, 2017.