Question number 15 me prepaid amount of insurance kya hoga
Question number 15 me prepaid amount of insurance kya hoga Questio
as at 31
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,
Sale o' Old
Cash at Bank
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