From the figures given below prepare an Income and Expenditure Account for 2008.
|
Dr. |
Cr. |
||||
|
Receipts |
Rs |
Payments |
Rs |
||
|
To Opening Balance |
200 |
By Salaries |
4,800 |
||
|
In Hand |
1,600 |
||||
|
At Bank |
|||||
|
To Subscriptions : |
By Rent |
500 |
|||
|
500 |
|||||
|
8,300 |
|||||
|
600 |
9,400 |
||||
|
To Sale of investments |
2,000 |
By Stationery and Postage |
200 |
||
|
To Sale of old Furniture (Book Value) |
300 |
By Bicycle Purchase |
300 |
||
|
By National Saving Certificate |
3,000 |
||||
|
By Help to Needy Students |
2,000 |
||||
|
By Balance |
|||||
|
In Hand |
300 |
||||
|
At Bank |
2,400 |
2,700 |
|||
|
13,500 |
13,500 |
Subscriptions for 2008 still receivable were Rs 700 interest due on savings certificates Rs 100 and rent unpaid but due was Rs 60.