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Receipts and Payments Account of Shankar Sports Club is given below, for the year ended 31st March, 2018: Prepare Income and Expenditure Account and Balance Sheet with the help of following information: Subscription outstanding on 31st March, 2017 is ₹ 1,200 and ₹ 2,300 on 31st March, 2018; opening stock of postage stamps is ₹ 300 and closing stock is ₹ 200; Rent ₹ 1,500 related to the year ended 31st March, 2017 and ₹ 1,500 is still unpaid. On 1st April, 2017 the club owned furniture ₹ 15,000, Furniture valued at ₹ 22,500 on 31st March, 2018. The club has a loan of ​₹ 20,000(@ 10% p.a.) which was taken in year ended 31st March, 2017.

Answer» TE YOUR ANSWER ISPrepare Income and Expenditure ACCOUNT and Balance Sheet with the help of following information:Subscription outstanding on 31st March, 2017 ISHOPE THIS HELPS ❤️


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