ds
07. Following are the Balance Sheet and Receipts and Payments Account of Hassan
Sports Club, Hassan.
Balance Sheet as on 31-03-2017
Liabilities
Assets
₹ F
Capital Fund
61,000 Buildings
64,000
Subscription for 2017-18
1,000 O/S Subscriptions
1,600
0/S Office expenses
4,000 0/S Rent
400
Bank loan
20,000 Furniture
12,000
Cash in Hand
8,000
86,000
86,000
Receipts and Payments A/C for the year ending 31-03-2018
Dr.
Cr.
Receipts
₹
Payments
To Balance b/d
8,000 By Office Expenses:
To Subscriptions:
to 2016-17
4,000
2016-17 *1,600
2017-18
6,000
2017-18
17,600 By Subscription to
2018-19
2,800 Newspapers and
To Entrance Fees
4,000
2,000
To Rent
4,000 By Refreshment Expenses
4,000
To Income from Drama
6,000 By Investments AG
10,000
To Sale of newspapers in
400 By Bank Loan
8,000
By Salary
4,400
By Balarice c/d
6,000
44,400
44,400
sto
2
Journals Exp
2
Adjustments:
Share
Answer:
F
U
C
K
You
B
A
B
Y
C
U
M
T
I
T
S
S
E
X
A
S
S