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How are the following items dealt with while preparing Income and Expenditure Account of a club for the year ended 31st March, 2019? 1st April, 2018 31st March, 2019 Outstanding Locker Rent ₹ 4,600 ₹ 6,300 Advance Locker Rent ₹ 3,000 ₹ 4,000 Locker Rent received during the year ended 31st March, 2019 – ₹ 52,000.

Answer» How are the following items dealt with while preparing Income and Expenditure Account of a club for the year ended 31st March, 2019?




















1st April, 2018 31st March, 2019
Outstanding Locker Rent ₹ 4,600 ₹ 6,300
Advance Locker Rent ₹ 3,000 ₹ 4,000



Locker Rent received during the year ended 31st March, 2019 – ₹ 52,000.


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