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Following is the Receipts & Payments Account of You Bee Forty Club for the year ended 31st March, 2023:

Receipts & Payments Account for the year ended 31st March, 2023

Receipts Payments

To Balance b/d

To Subscriptions:

2021-22

2022-23

To Donations

To Entrance Fees

15,000

 

6,000

35,000

5,000

8,000

By Salaries and Wages

By Office Expenses

By Sports Equipment

By Telephone Charges

By Electricity Charges

By Travelling Expenses

By Balance c/d

16,000

3,500

34,000

2,400

3,200

6,500

3,400

  69,000   69,000

(a) Outstanding Subscriptions for the year ended 31st March, 2023 were ₹ 5,500.

(b) Outstanding Salaries and Wages ₹ 4,000.

(c) Depreciate Sports Equipment by 25%.

Prepare from the above particulars the Income & Expenditure Account of the Club.

Anurag Pathak Changed status to publish February 7, 2024
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