From the following receipts and payment account
Solution :-
Income and Expenditure Account
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 | 2,72,000 |