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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:9. Prepare Income and Expenditure Account and Balance Sheet from the
following Balance Sheet and Receipts and Payments Account.
Assets
Liabilities
Rs.
Rs.
Capital fund
Subscription received
in advance
Outstanding expenses
Loan
33,620 Building
Outstanding subscriptions
600 Outstanding lockers rent
1,400 Cash
5,000
40,620
30,000
380
240
10,000
40,620
Receipts and Payments Account For 2020
Payments
Receipts
Balance 1-1-2020
Subscriptions 2019
2021
2022
Entrance fees
Lockers rent
Mise, income
Rs.
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
2,000
8,300
17. 900
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