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Anizations 53Income and Expenditure Account and Opening Balance Sheet16. From the following particulars prepare opening balance sheet of Bhilai Club as on 1.1.2005.Particulars1.1.200431.12.2004Cash balance7,0005,000Sundry AssestFurniture4,0005,700Books2,5004,000Building10,0009,500Outstanding Exp.400150Accrued Income150300Prepaid Exp.100180Advance Income450250[Ans. Capital on 1.1.2004 is 22,900]

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