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प्रश्न
| Dr | Receipts and Payments Account for the year ending 31.03.2018. | Cr | |||||
| Receipts | Amt. ₹ | Amt. ₹ | Payments | Amt.₹ | Amt. ₹ | ||
| To Subscriptions | |||||||
| 2016 - 17 | 2,000 | ||||||
| 2017 - 18 | 60,000 | ||||||
| 2018 - 19 | 4,500 | 66,500 | |||||
Adjustments :
Subscription Outstanding for the year 2017 - 18 is ₹ 6,000.
During previous year Subscription received in advance for 2017 - 18 is ₹ 2,000.
Outstanding subscription of 2016 - 2017 is ₹ 2,500
With the help of the above information present the item Subscription in Income and Expenditure Account for the year ending 31.03.2018 and Balance Sheet as on that date.
खाता बही
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उत्तर
| Dr |
In the books of _____________________ Income and Expenditure Account for the year ended 31st March, 2018 |
Cr | |||||
| Expenditure | Amount (₹) | Amount (₹) | Income | Amount (₹) | Amount (₹) | ||
| By Subscription (Year 2017–18) | 60,000 | ||||||
| Add: Outstanding Subscription of Current Year 2017–18 | 6,000 | ||||||
| Add: Subscription received in Advance of Current Year in Previous Year | 2,000 | 68,000 | |||||
| Balance Sheet as on 31st March, 2018 | |||||
| Liabilities | Amt (₹) | Amt (₹) | Assets | Amt (₹) | Amt (₹) |
| Subscription received in Advance in the Current Year for the Year 2018 – 19 | 4,500 | Outstanding Subscription for Current Year (2017–18) | 6,000 | ||
| Outstanding Subscription for the Year 2016 – 17 (2,500 – 2,000) | 500 | ||||
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