9. Prepare Income and Expenditure Account and Balance Sheet from the lowing Balance Sheet and Receipts and Payments Account. Assets Liabilities Rs. Rs. Capital fund Subscription received in advance Outstanding expenses Loan eg0 33,620 Building Outstanding subscriptions 600 Outstanding lockers rent 1,400 Cash 5,000 40,620 30,000 380 240 10,000 Jes40,620 Receipts and Payments Account For 2020 Receipts Balance 1-1-2020 Subscriptions 2019 2021 Rs. Payments Rs. 10,000 Expenses : 2019 200 2,100 Land 100 Interest 800 Misc, expenses 700 Balance 31-12-2020 4,000 17.900 1,200 2,000 4,000 400 2020 2022 Entrance fees Lockers rent 2,000 8,300 Mise, income

9. Prepare Income and Expenditure Account and Balance Sheet from the lowing Balance Sheet and Receipts and Payments Account. Assets Liabilities Rs. Rs. Capital fund Subscription received in advance Outstanding expenses Loan eg0 33,620 Building Outstanding subscriptions 600 Outstanding lockers rent 1,400 Cash 5,000 40,620 30,000 380 240 10,000 Jes40,620 Receipts and Payments Account For 2020 Receipts Balance 1-1-2020 Subscriptions 2019 2021 Rs. Payments Rs. 10,000 Expenses : 2019 200 2,100 Land 100 Interest 800 Misc, expenses 700 Balance 31-12-2020 4,000 17.900 1,200 2,000 4,000 400 2020 2022 Entrance fees Lockers rent 2,000 8,300 Mise, income

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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