.

(i) Cash in hand on 31-12-2000 was Rs. 1600 (1) The salaries outstanding in the begining and end of 2000 were Rs. 400 and Rs. 450 respectively (iii) Audit fees for 2000 still due Rs. 60 (iv) The club had equipment in the beginning Rs 2600. At the end of the year, it amount Rs. 2700 after deprecition (v) Rent of Hall still due at the end of 2000 Rs. 100 (vi) Subscription due at the end of 1999 and 2000 were 600 and 750 (vii) Subscription received in advance on 1999 and 2000 were 450 and 270 Receipts and Payments Ale For the year ending 31-12-2000 Receipts Rs Payments RS To balance b/d 770 By Salaries 4,750 (balancing figure) Add outstanding 400 To Rent of Hall 400 5,150 To Entrance fee 250 Less outstanding at the and of 2000 450 4,700 To Subcriptions Rs By Audit fees 500 7,500 Less for 2000 due 60 440 Add for 1999 600 By Printing and stationery 450 8,100 By Equipment 400 Less for 2000 750 By Secretary's Honorarium 1.000 7350 By Balance cld 1.600 Less for 1999 450 6900 Add for 2000 270 7,170 8.590 8.590 x38 Receipts To balance b/d To Cash (purchases) Balancing Figure Equipment Alc Rs Payments 2,600 By Depreciation 400 By Balance cd 3000 Rs. 300 2700 3000 Illustration 8. From the following information, calculate the Income from subscriptions for the year ending December, 2000 and show them in Income & Expenditure account and Balance Sheet of a Club, Receipts Payments For The year ending Dec 31, 2000 To subscription : 1999 5,000 2000 30.000 2001 6,000 41.000 Additional Information Rs (1) Subscriptions outstanding on Dec. 31, 1999 6000 (i) Subscription outstanding on Dec. 31.2000 5000 (iiiSubscription Received in Advance on Dec. 31. 1999 6000