From the following Receipts and Payments Account, prepare an Income and Expenditure Account for the year ended 31st March, 2018 :
Receipts
Amount
Amount
Payments
₹
₹
To Balance 1-4-2017
4,500 By Salaries
4,000
To Donation
6.000 By Rent
2.500
To Lagacies
3.000 By Printing
500
To Subscriptions
c12,000 By Postage
200
To Interest
1.500 By Advertisement
1.800
To Sale of Old Machinery
1.550 By Investment
10,000
By Balance (31-3-2018)
9.550
28.550
28,550
= 10500 l
Answer it properly otherwise your answer will be reported
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