Solution: CLEAN DELHI CLUB INCOME & EXPENDITURE ACCOUNT for the year ended 31 03 2020 Expenditure Amount (Rs ) Income Amount(Rs ) To Salary 1,500 By Subscriptions 22,500 To Rent 800 By Entrance Fee 1,250 To Electricity 3,500 By Donation 2,500 To Taxes 1,700 By Rent For Hall 750 To Printing & Stationery 380 To Sundry Expenses 920 To Excess of Income Over Expenditure ( Surplus) 18,200 Total 27,000 Total 27,000 Notes: (1) Capital Expenditures are not recorded in Income & Expenditure Account so Books purchased is not recorded (2) Purchase of Investments do not appear in Income & Expenditure Account (3) Sale of Investments is not a Revenue Receipt so it will not appear on the Receipt side of Income & Expenditure Account

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Solution:

CLEAN DELHI CLUB
INCOME & EXPENDITURE ACCOUNT
for the year ended 31.03.2020
Expenditure	Amount (Rs.)	Income	Amount(Rs.)
To Salary	1,500	By Subscriptions	22,500
To Rent	800	By Entrance Fee	1,250
To Electricity	3,500	By Donation	2,500
To Taxes	1,700	By Rent For Hall	750
To Printing & Stationery	380
To Sundry Expenses	920
To Excess of Income Over Expenditure ( Surplus)	18,200
Total	27,000	Total	27,000

Notes:
(1) Capital Expenditures are not recorded in Income & Expenditure Account so Books purchased is not recorded.

(2) Purchase of Investments do not appear in Income & Expenditure Account.

(3) Sale of Investments is not a Revenue Receipt so it will not appear on the Receipt side of Income & Expenditure Account.

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