from the following particulars you are required to prepare income and expenditure ac 620266
From the following particulars you are required to prepare Income and Expenditure Account of Kolkata Golf Club for the year ending on Dec 31, 2008 and the Balance Sheet as on Dec 31, 2008.
|
Rs |
|
|
Subscriptions received for 2008 |
21,000 |
|
Entrance fees received for 2008 |
1,500 |
|
Subscriptions for 2007, estimated Rs 300 has been realised |
560 |
|
Subscriptions and entrances fees received for 2009 |
3,100 |
|
Subscriptions for 2008 due Rs 4,000 but to be taken at |
2,000 |
|
Locker Rent received for 2008 |
3,200 |
|
Green fees received for 2008 |
1,000 |
|
Expenses for 2008 paid |
6,000 |
|
Expenses unpaid |
460 |
|
Liabilities for 2007 paid (estimated at Rs 1,400) |
1,200 |
|
Audit fees for 2008 not paid |
400 |
|
Profit on service account (met) |
4,600 |
|
Interest on loan paid |
640 |
|
Loan Taken |
8,000 |
|
Balance of Capital Expenditure |
50,000 |
|
Capital Expenditure written of |
2,400 |
|
Surplus for 2007 |
4,240 |
|
Capital Expenditure in 2008 |
600 |
|
Cash in Hand |
5,000 |