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Un of income and Expenditure Account40. Prepare Income and Expenditure Account for the year ended 31st March 2021 from the following:Dr.RECEIPTS AND PAYMENTS ACCOUNT for the year ended 31st March, 2021ReceiptsPaymentsTo Balance b/d (Cash)To SubscriptionsTo Sale of InvestmentsTo Sale of Old Furniture(Book Value 40,000)To Donations1.80.0009.00.0002.00,00030,000By SalariesBy RentBy StationeryBy Defence BondsBy FurnitureBy BicyclesBy Balance c/d (Cash)4,80,00050,00020.0003,00.0002,00,00030,0002,40,00010,00013,20,00013,20,000 |
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Answer» Answer: 2021 Receipts Payments To BALANCE b/d (Cash) To Subscriptions To SALE of Investments To Sale of Old Furniture (Book VALUE 40,000) To Donations 1.80.000 9.00.000 2.00,000 30,000 By Salaries By Rent By Stationery By DEFENCE Bonds By Furniture By Bicycles By Balance c/d (Cash) 4,80,000 50,000 20.000 3,00.000 2,00,000 30,000 2,40,000 10,000 13,20,000 13,20,000 |
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