from the figures given below prepare an income and expenditure account for 2008 562169

From the figures given below prepare an Income and Expenditure Account for 2008.

Dr.

Cr.

Receipts

Rs

Payments

Rs

To Opening Balance

200

By Salaries

4,800

In Hand

1,600

At Bank

To Subscriptions :

By Rent

500

500

8,300

600

9,400

To Sale of investments

2,000

By Stationery and Postage

200

To Sale of old Furniture (Book Value)

300

By Bicycle Purchase

300

By National Saving Certificate

3,000

By Help to Needy Students

2,000

By Balance

In Hand

300

At Bank

2,400

2,700

13,500

13,500

Subscriptions for 2008 still receivable were Rs 700 interest due on savings certificates Rs 100 and rent unpaid but due was Rs 60.

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