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prepare income and Expenditure account for the year ended 31st March 2019 from the following :

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The correct Answer is:
Surplus i.e., Excess income over Expenditure -Rs 3,50,000.
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In the year ended 31st march 2019 Salaries paid amounted to Rs. 2.04,000. Ascertain the amount chargeable to the income and Expenditure Account for the year ended 31st March 2019 from the following additional information: {:(,,"Rs"),("Prepaid Salaries on 31st March 2018",,"24,000"),("Prepaid Salaries on 31st march 2019",,"12,000"),("Outstanding Salaries on 31st March 2018",,"18,000"),("Outstanding Salaries on 31st March 2019",,"15,000"):}

From the following Receipts and Payments Account of jaipur Sports club prepare income and Expenditure Account for the year ended 31st March 2019:

Following Receipts and payments Accounts was prepared from the Cash book of Delhi Charitable Trust for the year ending31st March 2019: Prepare income and Expenditure account for the year ended 31st March 2019 and Balance Sheet as on that date after the following adjustments : (i) insurance premium was paid for insurance taken w.e.f. 1st july 2018 . (ii) interest on investment Rs 11,000 accued was not received. (iii) Rent Rs 6,000, Salary Rs 9,000 and advertisement expenses Rs 10,000 outstanding as on 31st March 2019 (v) Legacy Donation is towards construction of Libaray Block .

Following is the Receipt and Payment Account of Women's Welfare Club for the year ended 31st March 2019 Prepare income and expenditure account for the year ended 31st March 2019 and Balance Sheet as on that date

From the following Receipts and Payments Account of Accountans Club prepare Income and Expenditure Account for the year ended 31st March 2019 : (i) Subscriptions in arrears for the year ended 31st March 2019 -Rs 1,35,000 and Subscriptions received in advance during the year ended 31st March 2019 -Rs 39,000. (ii) Insurance Premium prepaid is Rs 3,000 (iii) the detail with respect to Stationery of Accountants club is as follows : {:(,"31st March",,"1st April"),(,"2019Rs",,"2018Rs"),("Stock of Stationery","30,000",,"5,000"),("Creditors for Stationery","40,000",,"26,000"),("Advance for Stationery paid in 2018-19","7,000",,"....."),("Advance paid for Stationery carried from 2017-18","5,000",,"......"):}

From the following Receipts and Payments Account of Social club and the information Supplied prepare income and expenditure Account for the year ended 31st March 2019 and Balance Sheet as at that date: (a) The club has 50 members each paying an annual subscription of Rs 500. Subscriptions Outstanding on 31st March 2018 were Rs. 6.000. (b) On 31st March 2019 Salaries Outstanding amounted to Rs 2,000 Salaries paid in the year ended 31st March 2019 include Rs 6,000 for the year ended 31st March 2018. (C) On 1st April 2018 the Club owned Building valued at Rs 2,00,000 , Furniture Rs 20,000 and Books Rs 20,000. (D) Provide depreciation of Furniture at 10%

Punya Trust runs a charitable hospital . How will be the following items dealt while preparing Income and Expenditure Account for the year ended 31st March 2019 and Balance Sheet as at that date?

How are the following items dealt in preparing Income and Expenditure Account for the year ended 31st March 2019 and Balance Sheet as at that date ? {:(,"As at 1st April 2018 ",,"As at 31st March 2019"),(,Rs,,Rs),("Sundry Expenses Outstanding ","5,000",,"9,000"),("Sundry Expenses paid in Advance", "8,000",, "7,000"):} Sundry Expenses paid during the year ended 31st March 2019 Rs. 40,000.

The treasurer of Royal Tennis Club presented following Receipts and Payments Account for the year ended 31st March 2019 : He also provides the following additional information , (i) the Club's Tennis Courts were valued at Rs. 10,00,000 on 1st April 2018 (ii) (iii) Subscrption still in arrears for the year 2017-18 Rs. 4,000 Prepare Income adn Expenditure Account for the year ended 31st March 2019 and show Balance Sheet as at that date.

Following is the Receipts and Payments Account of Rajdhani Charitable Trust : , Prepare Income and Expenditure Account for the year ended 31st March 2019 and Balance Sheet as on that date after the following adjustments : Subscription for the year ended 31st march 2019 still due were Rs. 70,000 Interest due on Defence bonds was Rs. 70,000 Rent outstanding was Rs. 10,000 . Book value of investment sold was Rs. 8,00,000 Rs. 3,00,000 of the investments were still in had . Subscriptions received in the year ended 31st March , 2019 included Rs. 4,000 from a life member . Total furniture on 1st April 2018 was worth Rs. 1,20,000 Salary paid for the year ended 31st March 2020 is Rs. 20,000.

TS GREWAL-FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ORGANISATIONS-Exercise
  1. In the year ended 31st march 2019 Salaries paid amounted to Rs. 2.04,...

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  2. How are the following items dealt. With while preparing income and exp...

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  3. prepare income and Expenditure account for the year ended 31st March ...

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  4. Prepare income and Expenditure account from the following Receipts an...

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  5. Following is the Receipts and Payments Account of You Bee Forty Club ...

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  6. From the following Receipts and Payments Account of jaipur Sports club...

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  7. Following is the information given in respect of certain items of a sp...

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  8. Prepare income and Expenditure from the following particulars of Youth...

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  9. Following is the Receipts and Payments Accoount of Delhi football club...

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  10. following is the summary of cash transaction of the Royal Club for ...

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  11. From the following Receipts and Payments Account of Social club a...

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  12. From the following Receipts and Payments Account and additional inform...

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  13. Glaxo Club's Balance Sheet as at 1st April 2018 was as under : Re...

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  14. From the following Receipta and Payments Account and additional infor...

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  15. From the following Receipts and payments Account of Mumbai Theatre Clu...

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  16. Following Receipts and payments Accounts was prepared from the Cash bo...

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  17. Given below is the Receipts and payments Account of a Mayour club for...

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  18. From the following Recipts and payments account of Kapil Dev Club and ...

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  19. From the following information and the Receipts and Payments Account ...

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  20. Receipts and payments Account of Shakar Sports Club iis given below fo...

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