14. From the following Receipts and …
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14. From the following Receipts and Payments Account and additional information, prepare Income and Expenditure Account and Balance Sheet of Sears Club, Noida as on March 31, 2018. (6) Receipts and Payments Account of Sears Club for the year ended 31-3-2018
Receipts Amount (Rs.) Payments Amount (Rs.) To Balance b/d20,000By Stationery23,400 To Subscriptions By 12% Investments 8,000 2016-17 40,000 By Electricity expenses10,600 2017-18 94,000 By Expenses on lectures 30,000 2018-19 7,2001,41,200By Sports equipment59,000 To Donations for building40,000By Books40,000 To Interest on Investments800By Balance c/d50,000 To Government Grant 17,400 To Sale of Old furniture (Book value Rs.4,000)1,600 2,21,000 2,21,000
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