The following is the account of cash transactions of the Nari Kalayan Samittee for the year ended December 31, 2006: You are required to prepare an Income and Expenditure Account after the following adjustments: (a) Subscriptions still to be received are Rs 750, but subscriptions include Rs 500 for the year 2007. (b) In the beginning of the year the Sangh owned building Rs 20,000 and furniture Rs 3,000 and Books Rs 2,000. (c) Provide depreciation on furniture 5% (including purchase), books 10% and building 5%.

The following is the account of cash transactions of the Nari Kalayan

1.	The following is the account of cash transactions of the Nari Kalayan Samittee for the year ended December 31, 2006: You are required to prepare an Income and Expenditure Account after the following adjustments: (a) Subscriptions still to be received are Rs 750, but subscriptions include Rs 500 for the year 2007. (b) In the beginning of the year the Sangh owned building Rs 20,000 and furniture Rs 3,000 and Books Rs 2,000. (c) Provide depreciation on furniture 5% (including purchase), books 10% and building 5%.
Answer» The following is the account of cash transactions of the Nari Kalayan Samittee for the year ended December 31, 2006: You are required to prepare an Income and Expenditure Account after the following adjustments: (a) Subscriptions still to be received are Rs 750, but subscriptions include Rs 500 for the year 2007. (b) In the beginning of the year the Sangh owned building Rs 20,000 and furniture Rs 3,000 and Books Rs 2,000. (c) Provide depreciation on furniture 5% (including purchase), books 10% and building 5%.

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