How to Prepare Income and Expenditure Account from Receipts and Payment Account?


From the following information, calculate the amount of subscriptions received in advance as on 31st March, 2012:

Calculate the amount of stationery used during the accounting year ended 31st March, 2010:

From the following, prepare an Income and Expenditure Account for the year ended 31st March, 2011:

The following is the statement of receipts and payments of the Charity Eye Hospital for the year ending March 31, 2012:

The following is the receipts and payments account of Entertainment Club for the year ended 31st March, 2011:

From the following Receipts and Payments Account and the additional information pertaining to Janakpuri Football Club,

Mahaveer Sports Club presents the following information to you:

ABC Sports and Social Club’s financial year ends on 31st March. The assets and liabilities of the club at dates stated were as follows:

Punya Trust runs a charitable hospital and a dispensary and for the year ended 31st March, 2011, the following balances were extracted from its books:

The balances on the books of the Delhi Club on 31st March, 2012 were as follows: