The following is summary of the cash book for the year ending Mar 31, 2009
|
Dr. Cr. |
|||
|
Receipts |
As |
Payments |
Rs |
|
Balance b/d |
9.480 |
Wages – Outdoor Staff |
26,760 |
|
Subscriptions |
59,440 |
Restaurant Purchase |
1,00,800 |
|
Entrance Fees |
6,400 |
Rent – 18 months (July 30, 2009) |
15,000 |
|
Restaurant Receipts |
1,13,600 |
Rates |
5,400 |
|
Games and Competition Receipts |
27,280 |
Secretary”s Salary |
6,240 |
|
Due to Secretary for Petty Expenses |
160 |
Lighting |
14,400 |
|
Composition Prizes |
8,000 |
||
|
Printing and Postage, etc. |
12,000 |
||
|
Fixed Deposit |
16,000 |
||
|
Balance Cid |
11,760 |
||
|
216,360 |
2,16 360 |
On Apr 1, 2008 the clubs assets were furniture Rs 96,000; restaurant stock Rs 5,200, stock of prizes Rs 1,600, Rs 10,400 was owing for supplies to the restaurant on Mar 31, 2009, the restaurant stock Rs 6,000, prizes in hand were Rs 1,000, while the club owed Rs 11,200 for restaurant supplies. It was also found that subscriptions unpaid at Mar 31, 2009 amounted to Rs 2,000, and that the figure of Rs 59,440 shown in the cash took included Rs 1,400, in respect of previous year and Rs 800 paid in advance for the following year.
Prepare an account showing the profit or loss made on the restaurant and a General Income and Expenditure Account for the year ended Mar 31, 2009 together with a Balance Sheet as on that date, after writing 10% off the furniture.