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How Are the Following Items Dealt with While Preparing Income and Expenditure Account of a Club for the Year Ended 31st March, 2019? - Accountancy

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प्रश्न

How are the following items dealt with while preparing Income and Expenditure Account of a club for the year ended 31st March, 2019?

  1st April, 2018
(₹)
31st March, 2019 (₹)
Outstanding Locker Rent 4,600 6,300
Advance Locker Rent 3,000 4,000

Locker Rent received during the year ended 31st March, 2019 – ₹ 52,000.

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उत्तर

Income and Expenditure Account 

Dr.

for the year ended 31st March, 2019

Cr.

Expenditure 

Amount

()

Income 

Amount

()

 

 

Locker Rent Received

52,000

 

 

 

Add: Outstanding at the end

6,300

 

 

 

Add: Advance in the beginning

3,000

 

 

 

Less: Outstanding in the beginning

4,600

 

 

 

Less: Advance at the end

4,000

52,700

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अध्याय 1: Financial Statements of Not for Profit Organisations - Exercises [पृष्ठ ६३]

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टीएस ग्रेवाल Accountancy - Double Entry Book Keeping Volume 1 [English] Class 12
अध्याय 1 Financial Statements of Not for Profit Organisations
Exercises | Q 34 | पृष्ठ ६३
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