Question: 2 Three Members died without paying annual subscription of ₹ 200 each p.a.for the previous year and current year.Cash Purchases ( DU SOL Financial Accounting Exam)

Question: 2 Three Members died without paying annual subscription of ₹ 200 each p.a.for the previous year and current year.Cash Purchases

of Sports Materials amounted to 20% of Total Purchases. Depreciate Sports Equipments@10% p.a.At 31.3.2020, Rates & taxes

were prepaid to the following 31 Jan., yearly charge ₹ 6,000.A quarter charge for telephone is outstanding, the amount accrued ₹

6,000. The charge for each quarter is same.1/5 of the value of Glass cutlery etc. is to be written off in the year of purchases and

1/2 of the balance in each of the next two years. Of the stock of glass, cutlery etc. as on 1.4.2019 one half was a year old and the

other half two years old.

Required: Prepare an Income and Expenditure Account for the year ending on March 31, 2020.

Answer : Click To download Answer

Pdf : Credit  CA Ram Kishan 


https://drive.google.com/file/d/1PJ7CYM8yN6RvimmZT4LQ3zr1Kk6U0SDS/view?usp=drivesdk

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