Answer 1

In the books of Marathi Vishwa Kosha Centre
Income and Expenditure Account for the year ended 31.03.2013

Expenditure	Amount Rs.	Amount Rs.	Income	Amount Rs.	Amount Rs.
To Stationery		5000	By Locker Rent		5000
To Expensies of Drama		33500	By Entrance Fees	19000
To Postage and Telegram		2500	Less: 50% Capitalized	9500	9500
To Magazines and newspapers		4000	By Sale of old newspapers		1500
To Salaries	22000		By Receipts from Drama		78500
Add: Outstanding	3000	25000	By Miscellaneous Receipts		8000
To Depreciation Furniture		1250
To Surplus C/d		31250
		102500			102500

                                     Balance Sheet as on 31.03.2013

Liabilities	Amount Rs.	Amount Rs.	Assets	Amount Rs.	Amount Rs.
Capital Fund	108000		Furniture	50000
Add: Entrance Fees	9500		Less: Depreciation	1250	48750
Add: Legacies	110000		Investment		100000
Add: Surplus	31250	258750	Cash in Hand		3000
Outstanding Salary		3000	Cash at Bank		110000
		261750			261750

Working Note :

1) Depreciation of Furniture [ Purchased on 01.01.2013 ]:  = `50,000 xx 10/100 xx 3/12`
= Rs. 1,250