pls answer it my balance sheet is not being tallied i hace tried somany times it becomes wrong pls help

pls answer it my balance sheet is not being tallied i hace tried somany times it becomes wrong pls help arid year ended and m,areh of RECEIPT ror the year ended 31 • March 200K Receipt TO Balance cJd To subseripnons 20062007 8910 2007-2008 23100 2008-2009 2750 ro legacies To Donations for building To sale old furniturc To Miscellaneous Expenses Amt( Rs) 19.800 242660 7920 46.200 Payme I .42.802 By 10% Investment (face value 13750) purchascd on 114/07 6809 By Rates &Takes By otÄice Expenses By Entertainment material By Telephonis c hares By Internet Charges By Balance c/d 64.020 16500 Additional Information: (i) On 3 1 March 2007 the society had following assets and liabilities: Assets: 10 % investment Rs 1,21.000 ( face value Rs 165.000 Curniture Rs *8.000 Musical Instruments Rs 13.420 , Machinery Rs 61,600 , Fax Machines Rs 18.700, subscription in arrears Rs 17.600 Liabilities: Creditors ror entertainment material Rs 5.500 subscription received in advance Rs 23 10 and building tund Rs 55.000 (ii) Charge depreciation @ 20% on furniture , machinery and fax machinery (iii) On 3 1 M march 2008 entertainment material was valued at Rs 28732 Internet charges outstanding Rs 1650 (iv) Each year subscription is paid by 1 10 members each paying Rs 2310 Payment for entertainment material includes Rs 2200 for previous year 13) From the following receipts and payments accounts for the year ended March 2007 and Balance Sheet at 31 • March 2006 ofSomnuth Childrens welfare society prepare Income and Expenditure for the year ended 31" 2007 and Balance Sheet as at 3 1 a 2007'

Dear Student



Amount of Rs. is assumed to be Misc Expenses as there is some printing error in the question
Interest on Investment = 165000*10% + 13750*10%*6/12 = 17188
Regards

  • 0
What are you looking for?