From the following so called Balance Sheet, you are required to correct the mistakes and make proper final accounts of the social club for the year ending Dec 31, 2008.
Balance Sheet for the year 2008
|
Receipts |
Rs |
Expenditure |
Rs |
|
Opening Balance |
7,500 |
Rent and Expenses |
20,400 |
|
Arrears of Subscription |
1,100 |
Clerical Assistance |
2,500 |
|
Subscription (current year) |
16,400 |
Cost of Dance |
1,500 |
|
Dance tickets Sold |
2,100 |
Cost of Concrete |
2,100 |
|
Concert Tickets Sold |
1,400 |
Owing for Dance Tickets |
500 |
|
Refreshments Sold |
23,500 |
Owing for Concert Tickets |
700 |
|
Receipts from Games |
1,700 |
Refreshments Bought |
17,000 |
|
Donations for IntermentsA4 |
1,900 |
Stock of Refreshment |
1,500 |
|
Subscription Owing |
800 |
||
|
Cost of Instruments |
3,500 |
||
|
Closing Balance |
5,100 |
||
|
55,600 |
55,600 |