Prepare Receipts and Payments Account for the year ending Mar 31, 2009 and the Balance Sheet on that date from the following.
Income and Expenditure Account for the year ending Dec 31, 2008
|
Dr. |
Cr. |
|||
|
Expenditure |
Rs |
Income |
Rs |
|
|
Salaries |
14,750 |
Interest |
5,000 |
|
|
Stationery |
2,500 |
Donations |
7,500 |
|
|
Taxes and Rent |
1,250 |
Subscriptions |
12,500 |
|
|
Insurance |
600 |
Miscellaneous Receipts |
150 |
|
|
Other Expenses |
900 |
|||
|
Depreciation |
Rs |
|||
|
Properties |
1,875 |
|||
|
Furniture |
60 |
|||
|
Books |
50 |
1,985 |
||
|
Surplus |
3,115 |
|||
|
25,150 |
25,150 |
|
Other Information |
Mar 31, 2008 Rs |
Mar 31, 2009 Rs |
|
Cash in Hand and at Bank |
11,850 |
|
|
Shares and Debentures |
1,40,000 |
1,40,000 |
|
(Face Value of Rs 1,50,000) |
||
|
Subscription Outstanding |
3,500 |
5,000 |
|
Subscription received in advance |
600 |
800 |
|
Salaries Outstanding |
250 |
500 |
|
Properties |
1,50,000 |
1,48,125 |
|
Furniture |
1,000 |
990 |
|
Investments |
500 |
500 |
|
Books |
1,750 |
1,950 |
|
Stationery Expenses Due |
100 |
150 |
|
Stock of Stationery |
500 |
400 |