0
Ganeev Sports Club gives the following Receipts & Payments Account for the year ended 31st March, 2023: Receipts & Payments Account for the year ended 31st March, 2023
Receipts Payments
To Balance b/d To Entrance Fees To Subscriptions: Current Year In Advance To Profit on Refreshments To Locker Rent To Interest on Deposits 2,20,000 24,000 27,000 16,000 2,44,000 53,000 12,000 2,000 By Purchase of New Lockers By Refreshment Expenses By Printing and Stationery By Postage By Miscellaneous Expenses By Lighting and Fuel By Match Expenses By Balance c/d 32,000 1,50,000 36,000 3,000 8,000 19,000 54,000 52,000
3,54,000 3,54,000
of the subscriptions due for the current year, ₹ 21,000 are in arrears; Locker rent in arrears ₹ 2,000; Printing bill unpaid ₹ 2,000; Stationery Account unpaid ₹ 3,000. There is a sum of ₹ 2,00,000 on deposits at bank and the club House Equipments are valued at ₹ 12,00,000.
Prepare Income & Expenditure Account and the Balance Sheet as at 31st March, 2023.
Anurag Pathak Changed status to publish February 7, 2024
Add a Comment