Three Members died without paying annual subscription of ₹ 200 each

1.	Three Members died without paying annual subscription of ₹ 200 each p.a.for the previous year and current year.Cash Purchasesof Sports Materials amounted to 20% of Total Purchases. Depreciate Sports [email protected]% p.a.At 31.3.2020, Rates & taxes were prepaid to the following 31 Jan., yearly charge ₹ 6,000.A quarter charge for telephone is outstanding, the amount accrued ₹6,000. The charge for each quarter is same.1/5 of the value of Glass cutlery etc. is to be written off in the year of purchases and 1/2 of the balance in each of the next two years. Of the stock of glass, cutlery etc. as on 1.4.2019 one half was a year old and the other half two years old. Required: Prepare an Income and Expenditure Account for the year ending on March 31, 2020
Answer» Answer:9560618166 Wp Explanation:

Three Members died without paying annual subscription of ₹ 200 each p.a.for the previous year and current year.Cash Purchasesof Sports Materials amounted to 20% of Total Purchases. Depreciate Sports [email protected]% p.a.At 31.3.2020, Rates & taxes were prepaid to the following 31 Jan., yearly charge ₹ 6,000.A quarter charge for telephone is outstanding, the amount accrued ₹6,000. The charge for each quarter is same.1/5 of the value of Glass cutlery etc. is to be written off in the year of purchases and 1/2 of the balance in each of the next two years. Of the stock of glass, cutlery etc. as on 1.4.2019 one half was a year old and the other half two years old. Required: Prepare an Income and Expenditure Account for the year ending on March 31, 2020

Answer»

Answer:9560618166 Wp

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