From the followingReceipt and Payment Account prepare final accounts of a Unity Clubfor the year ended March 31, 2007. Additional Information: (a) The Club had 500 members each paying an annual subscription of Rs 150. (b) On 31.3.2007 salaries outstanding amounted to Rs 1,200 and salaries paid included Rs 6,000 for the year 2005−06. (c) Provide 5% depreciation on Land and Building.

From the followingReceipt and Payment Account prepare final accounts

1.	From the followingReceipt and Payment Account prepare final accounts of a Unity Clubfor the year ended March 31, 2007. Additional Information: (a) The Club had 500 members each paying an annual subscription of Rs 150. (b) On 31.3.2007 salaries outstanding amounted to Rs 1,200 and salaries paid included Rs 6,000 for the year 2005−06. (c) Provide 5% depreciation on Land and Building.
Answer» From the followingReceipt and Payment Account prepare final accounts of a Unity Clubfor the year ended March 31, 2007. Additional Information: (a) The Club had 500 members each paying an annual subscription of Rs 150. (b) On 31.3.2007 salaries outstanding amounted to Rs 1,200 and salaries paid included Rs 6,000 for the year 2005−06. (c) Provide 5% depreciation on Land and Building.

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