From the following receipts and payment account - Accountancy - Financial Statements of Not for Profit Organisations

Question

From the following receipts and payment account

Shruti Mishra · Accepted Answer

Solution :-

Income and Expenditure Account

Expenditure
Amount
Income
Amount

To Honorarium
75,000
By Subscriptions
[1,750 x 100]

1,75,000

To Stationery
15,000
By Entrance Fees
50,000

To Electricity Bill
35,000
By Donations
45,000

To Rent
1,20,000
By Sale of Old Newspaper
2,000

To Loss on Sale of old furniture
[10,000 - 4,000]

6,000

To Surplus
21,000

2,72,000

Expenditure	Amount	Income	Amount
To Honorarium	75,000	By Subscriptions [1,750 x 100]	1,75,000
To Stationery	15,000	By Entrance Fees	50,000
To Electricity Bill	35,000	By Donations	45,000
To Rent	1,20,000	By Sale of Old Newspaper	2,000
To Loss on Sale of old furniture [10,000 - 4,000]	6,000
To Surplus	21,000
	2,72,000		2,72,000