Prepare Income and Expenditure Account for the year ended 31st March,

Prepare Income and Expenditure Account for the year ended 31st March, 2019 from the following: RECEIPTS AND PAYMENTS ACCOUNT for the year ended 31st March, 2019 Dr. Cr. Receipts ₹ Payments ₹ To Balanceb/d (cash) 1,80,000 By Salaries 4,80,000 To Subscriptions 9,00,000 By Rent 50,000 To Sale of Investments 2,00,000 By Stationery 20,000 To Sale of Old Furniture (Book Value ₹ 40,000) 30,000 By Defence Bonds 3,00,000 To Donations 10,000 By Furniture 2,00,000 By Bicycles 30,000 By Balance c/d (Cash) 2,40,000 13,20,000 13,20,000

Answer» Prepare Income and Expenditure Account for the year ended 31st March, 2019 from the following:

RECEIPTS AND PAYMENTS ACCOUNT for the year ended 31st March, 2019
Dr.				Cr.
Receipts	₹	Payments	₹
To Balanceb/d (cash)	1,80,000	By Salaries	4,80,000
To Subscriptions	9,00,000	By Rent	50,000
To Sale of Investments	2,00,000	By Stationery	20,000
To Sale of Old Furniture (Book Value ₹ 40,000)	30,000	By Defence Bonds	3,00,000
To Donations	10,000	By Furniture	2,00,000
		By Bicycles	30,000
		By Balance c/d (Cash)	2,40,000

	13,20,000		13,20,000