OMTEX CLASSES: 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:

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:

A Sample Assets and Liabilities
A Sample Assets and Liabilities
Note:
Subscription – arrears of previous year written off during the year, Rs 1,400.
Prepare:
(i) Bar Trading Account and
(ii) Income and Expenditure Account for the year ended 31st March, 2011 and Balance Sheet as at that date.
Bar Trading Account
Bar Trading Account

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