The following information is of Akshay Club for the year ended 31st March, 2023:
The following information is of Akshay Club for the year ended 31st March 2023:
Receipts & Payments Account for the year ended 31st March, 2023
| Receipts |  | ₹ | Payments | ₹ |
|
To Balance b/d: Cash Bank To Legacy To Subscription (including ₹ 4,000 for 2021-22) To Sale of Old Furniture To Sale of Old Newspapers To Advertisements in the Year Book |
2,000 4,000 |
6,000 10,000 94,000 7,500 500 2,000 |
By Salaries By Honorarium By General Expenses By Charities By Printing and Stationery By Postage and Courier By Rent and Taxes By Sports Materials By Balance c/d: Bank |
36,000 4,000 24,000 6,000 12,000 5,000 7,000 25,000 1,000 |
| Â | Â | 1,20,000 | Â | 1,20,000 |
Additional Information:-
| Â | Particulars | 31st March, 2022 | 31st March, 2023 |
| (i) | Subscription due | 5,000 | 6,000 |
| (ii) | Subscription received in advance | 4,000 | 7,000 |
| (iii) | Furniture | 20,000 | 10,800 |
| (iv) | Depreciation was 10% p.a. on the furniture left after selling a part of it. | Â | Â |
Prepare Income & Expenditure Account for the year ended 31st march, 2023 and Balance Sheet as on that date.
Anurag Pathak Changed status to publish February 7, 2024
