Summary of Cash Book: Prepare Income and Expenditure Account
|
Receipts |
Rs |
Payments |
Rs |
|
To Balance |
By Salaries |
2,000 |
|
|
Cash at Bank: Rs 3,000 |
By Rent |
600 |
|
|
Cash at Hand: Rs 500 |
3,500 |
By Stationery |
1,400 |
|
To subscriptions (including) |
19,500 |
By Postage |
250 |
|
Rs 400 for 2007) |
By Scooter |
17,000 |
|
|
To Interest on Bank I.D. |
200 |
By Fixed Deposit |
4,000 |
|
To Sale of Old Scooter |
3,800 |
By Balance |
1,500 |
|
Cash at Bank |
250 |
||
|
Cash in Hand |
|||
|
27,000 |
27,000 |
Subscriptions due for the year are Rs 1,500 and received in advance for year 2009 are Rs 700. The written down value of scooter sold Rs 4,000. Depreciate the value of scooter @ 10%.