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 Mar 31, 2009
|
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 |
|||
|
Depreciations |
R |
|||
|
Properties |
1,875 |
|||
|
Furniture |
60 |
|||
|
Books |
50 |
1,985 |
||
|
Surplus |
3,165 |
|||
|
25,150 |
25,150 |
|
Dr. |
Cr. |
|
|
Other Information |
Mar 31, 2008 (Rs) |
Mar 31, 2009 (Rs) |
|
Cash in Hand and at Bank |
– |
11,850 |
|
Shares and Debentures (Face value of Rs 1,50,000) |
1,40,000 |
1,40,000 |
|
Subscription Outstanding |
3,500 |
5,000 |
|
Subscription Received in Advance |
600 |
800 |
|
Salaries Outstanding |
250 |
500 |
|
Furniture |
1,000 |
990 |
|
Investments |
500 |
500 |
|
Properties |
1,50,000 |
1,48,125 |
|
Books |
1,750 |
1,950 |
|
Stationery Expenses Due |
100 |
150 |
|
Stock of Stationery |
500 |
400 |