The Arya Vidya Mandir, Mumbai has presented the following information. Balance Sheet as on 01st April, 2009Liabilities Amount ( ) Assets Amount ( )Capital Fund 6,54,000 Cash in HandCash in BankBuildingFurnitureBooksFixed Deposit4,5009,5005,00,00060,00030,00050,0006,54,000 6,54,000Dr. Receipts & Payments Account for the year ending 31st March, 2010 Cr.Receipts Amount ( ) Payments Amount ( )To Balance b/d Cash in Hand Cash at BankTo Tuition FeesTo Fine CollectionTo Admission FeesTo Donations(To Be Capitalized)To Interest ReceivedTo Government Grant (Revenue)4,5009,50085,0002,60010,00050,0002,5001,00,000By Salary PaidBy BooksBy Stationery & PrintingBy Office RentBy Repairs & MaintenanceBy Sport ExpensesBy Annual Gathering ExpensesBy FurnitureBy Balance c/d Cash in Hand Cash at Bank1,05,00010,00020,5005,00012,0004,3007,00040,0001,30059,0002,64,100 2,64,100Adjustments:a) Outstanding Tuition Fees 12,000.b) Outstanding Salaries 6,000.c) Depreciate books by 6,500 and furniture by 7,000.You are required to prepare:1.) Income and Expenditure Account for the year ending 31st March, 2010.

The Arya Vidya Mandir, Mumbai has presented the following information.

1.	The Arya Vidya Mandir, Mumbai has presented the following information. Balance Sheet as on 01st April, 2009Liabilities Amount ( ) Assets Amount ( )Capital Fund 6,54,000 Cash in HandCash in BankBuildingFurnitureBooksFixed Deposit4,5009,5005,00,00060,00030,00050,0006,54,000 6,54,000Dr. Receipts & Payments Account for the year ending 31st March, 2010 Cr.Receipts Amount ( ) Payments Amount ( )To Balance b/d Cash in Hand Cash at BankTo Tuition FeesTo Fine CollectionTo Admission FeesTo Donations(To Be Capitalized)To Interest ReceivedTo Government Grant (Revenue)4,5009,50085,0002,60010,00050,0002,5001,00,000By Salary PaidBy BooksBy Stationery & PrintingBy Office RentBy Repairs & MaintenanceBy Sport ExpensesBy Annual Gathering ExpensesBy FurnitureBy Balance c/d Cash in Hand Cash at Bank1,05,00010,00020,5005,00012,0004,3007,00040,0001,30059,0002,64,100 2,64,100Adjustments:a) Outstanding Tuition Fees 12,000.b) Outstanding Salaries 6,000.c) Depreciate books by 6,500 and furniture by 7,000.You are required to prepare:1.) Income and Expenditure Account for the year ending 31st March, 2010.
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