1.

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​

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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