Fron the following Trial Balance, prepare an Income and Expenditures Account of the Delhi Club for the year ended 31st December, 2020 and a Balance Sheet as on that date. Depreciate Furniture by 10%, Billiards Tables and Accessories by 20% and China Glass, Cutlery, etc., by 331/3 %. Of the subscriptions Rs. 400 is paid in advance and Rs. 250 is arrears. Rs. 300 is owing for salaries to staff. Entrance fees are not to be capitalised. Rs. Rs. Dr. Balances: Cr. Balances 2,500 Members' Subscription 10,560 from 1,743 Furniture Billiards Table & Accessories (bought 1,250 Sundry in 2018) China Glass, Cutlery, etc. Repairs Salaries and Wages Rent and Telephone Fuel and Light Cost of Entertainment Sundry Expenses Cost of Annual Dinner Sundry Debtors Cash at Bank Cash in Hand Receipts Billiards, etc. 333 Sale of Tickets for Entertainment 3,234 734 Sundry Creditors 2,262 Entrance Fees 3,194 Capital Fund 1,618 2,190 1,600 760 1,170 4,800 174 2,600 448 4,000

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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8. From the following Trial Balance, prepare an Income and Expenditure
Account of the Delhi Club for the year ended 31st December, 2020 and a Balance
Sheet as on that date. Depreciate Furniture by 10%, Billiards Tables and Accessories
by 20% and China Glass, Cutlery, etc., by 331/3 %. Of the subscriptions Rs. 400 is
paid in advance and Rs. 250 is arrears. Rs. 300 is owing for salaries to staff. Entrance
fees are not to be capitalised.
Rs.
Rs.
Dr. Balances:
Cr. Balances
2,500 Members' Subscription
Furniture
Billiards Table & Accessories (bought 1,250 Sundry
in 2018)
China Glass, Cutlery, etc.
Repairs
Salaries and Wages
Rent and Telephone
Fuel and Light
Cost of Entertainment
Sundry Expenses
Cost of Annual Dinner
Sundry Debtors
Cash at Bank
Cash in Hand
10,560
from 1,743
Receipts
Billiards, etc.
333 Sale of Tickets for Entertainment 3,234
734 Sundry Creditors
2,262 Entrance Fees
3,194 Capital Fund
1,618
2,190
1,600
760
1,170
4,800
174
2,600
448
4,000
Transcribed Image Text:8. From the following Trial Balance, prepare an Income and Expenditure Account of the Delhi Club for the year ended 31st December, 2020 and a Balance Sheet as on that date. Depreciate Furniture by 10%, Billiards Tables and Accessories by 20% and China Glass, Cutlery, etc., by 331/3 %. Of the subscriptions Rs. 400 is paid in advance and Rs. 250 is arrears. Rs. 300 is owing for salaries to staff. Entrance fees are not to be capitalised. Rs. Rs. Dr. Balances: Cr. Balances 2,500 Members' Subscription Furniture Billiards Table & Accessories (bought 1,250 Sundry in 2018) China Glass, Cutlery, etc. Repairs Salaries and Wages Rent and Telephone Fuel and Light Cost of Entertainment Sundry Expenses Cost of Annual Dinner Sundry Debtors Cash at Bank Cash in Hand 10,560 from 1,743 Receipts Billiards, etc. 333 Sale of Tickets for Entertainment 3,234 734 Sundry Creditors 2,262 Entrance Fees 3,194 Capital Fund 1,618 2,190 1,600 760 1,170 4,800 174 2,600 448 4,000
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