OMTEX CLASSES: With the help of the Balance Sheet and Receipts and Payments Account of Adarsh Cultural Club, Mumbai.

With the help of the Balance Sheet and Receipts and Payments Account of Adarsh Cultural Club, Mumbai.

6. In the books of Adarsh Cultural Club, Mumbai

Income and Expenditure Account for the year ended 31st March, 2013



Particulars
Amount
Amount
Particulars
Amount
Amount
To Salaries
35300

By Subscriptions
48000

Less: Previous year’s Outstanding Salaries paid
1300

Add: Outstanding for current year
2000
50000
Add: Outstanding for the current year.
700
34700
By Drama Receipts
28000

To General Expenses

8400
Less: Drama Expenses
16000
12000
To Printing & Stationery

4200



To Depreciation on Furniture

5000



To Excess of Income Over Expenditure (Surplus)

9700





62000


62000


Balance Sheet as on 31st March, 213



Liabilities
Amount
Amount
Assets
Amount
Amount
Capital Fund
257000

Buildings

250000
Add: Surplus
9700
266700
Furniture
20000

Building Fund
50000

Add: New Furniture Purchased
10000

Add: Donation for Building Fund
20000
70000
Less: Depreciation
5000
25000
Subscriptions received in advance

2000
Outstanding Subscription for 2012 - 13

2000
Outstanding salaries for 2012 - 13

700
Cash at Bank

57800



Cash in Hand

4600








339400


339400