Following is the Balance Sheet as on 1.4.2012 and receipts and payments account of Mahakavi Kalidas Library, Nashik.

Following is the Balance Sheet as on 1.4.2012 and receipts and payments account of Mahakavi Kalidas Library, Nashik.

Solution: In the books of Mahakavi Kalidas Library, Nashik

Income and Expenditure Account for the year ended 31.3.2013

Expenditure
Amount
Amount
Payments
Amount
Amount
To Electricity Charges

6980
By Members Subscription
180000

To Postage and Telegram

6100
Add: Outstanding Subscription
7500

To Sundry Expenses

10500
Less: Pre - received Subscription
15000
172500
To Depreciation:


By Entrance Fees
25000

Furniture
8650

Less: Capitalised
12500
12500
Books
100000
108650
By Sale of Old Newspapers

1500



By Hire of lecture hall

18000



By Interest on securities

4000
To Income Over Expenditure [Surplus]

76270





208500


208500

Balance Sheet of Mahakavi Kalidas Library as on 31.3.2013


Liabilities
Amount
Amount
Assets
Amount
Amount
Capital Fund
690000

Furniture
72500

Add: Entrance Fees
12500

Add: Purchased
28000

Add: Surplus
76270
778770

100500

Pre - received Subscription

15000
Less: Depreciation
8650
91850



Books
551000




Add: Purchased
80000





631000




Less: Depreciation
100000
531000



Investment in securities
50000




Add: Purchased
100000
150000



Cash inHand

6420



Cash at Bank

7000



Outstanding Subscription

7500


793770


793770

7 comments:

Unknown said...

How come the Depreciation on Furniture is 8650? I got it 5025. I calculated it as- 100500×10/100×6/12.

MAGDOOM SHAIKH said...

It is correct calculate it as 2800×10/100×6/12 then of previous 72500×10/100 add both you will get

Abc said...

Plz tell me where is payment of expens due gone??

Kapilbhuptani said...
This comment has been removed by the author.
shreeshay thorve said...

It has been paid as you can see on payment side

Unknown said...

From where did interest on investments come??

Unknown said...

Where is expense due?

To Get Board Exam Important Follow us.

No. 1 Simple Hack, you can try out, in preparing for Board Exam

How to Study for CBSE Class 10 Board Exams Subject Wise Tips?

JEE Main 2020 Registration Process – Exam Pattern & Important Dates

NEET UG 2020 Registration Process Exam Pattern & Important Dates

How can One Prepare for two Competitive Exams at the same time?

8 Proven Tips to Handle Anxiety before Exams!


PDF FILE TO YOUR EMAIL IMMEDIATELY PURCHASE NOTES & PAPER SOLUTION. @ Rs. 50/- each

SSC MATHS I PAPER SOLUTION

SSC MATHS II PAPER SOLUTION

SSC SCIENCE I PAPER SOLUTION

SSC SCIENCE II PAPER SOLUTION

SSC ENGLISH PAPER SOLUTION

SSC & HSC ENGLISH WRITING SKILL

HSC ACCOUNTS NOTES

HSC OCM NOTES

HSC ECONOMICS NOTES

HSC SECRETARIAL PRACTICE NOTES

2019 Board Paper Solution

HSC ENGLISH SET A 2019 21st February, 2019

HSC ENGLISH SET B 2019 21st February, 2019

HSC ENGLISH SET C 2019 21st February, 2019

HSC ENGLISH SET D 2019 21st February, 2019

SECRETARIAL PRACTICE (S.P) 2019 25th February, 2019

HSC XII PHYSICS 2019 25th February, 2019

CHEMISTRY XII HSC SOLUTION 27th, February, 2019

OCM PAPER SOLUTION 2019 27th, February, 2019

HSC MATHS PAPER SOLUTION COMMERCE, 2nd March, 2019

HSC MATHS PAPER SOLUTION SCIENCE 2nd, March, 2019

SSC ENGLISH STD 10 5TH MARCH, 2019.

HSC XII ACCOUNTS 2019 6th March, 2019

HSC XII BIOLOGY 2019 6TH March, 2019

HSC XII ECONOMICS 9Th March 2019

SSC Maths I March 2019 Solution 10th Standard11th, March, 2019

SSC MATHS II MARCH 2019 SOLUTION 10TH STD.13th March, 2019

SSC SCIENCE I MARCH 2019 SOLUTION 10TH STD. 15th March, 2019.

SSC SCIENCE II MARCH 2019 SOLUTION 10TH STD. 18th March, 2019.

SSC SOCIAL SCIENCE I MARCH 2019 SOLUTION20th March, 2019

SSC SOCIAL SCIENCE II MARCH 2019 SOLUTION, 22nd March, 2019

XII CBSE - BOARD - MARCH - 2019 ENGLISH - QP + SOLUTIONS, 2nd March, 2019


BUY FROM PLAY STORE

DOWNLOAD OUR APP


HOW TO PURCHASE OUR NOTES?



S.P. Important Questions For Board Exam 2020


O.C.M. Important Questions for Board Exam. 2020


Economics Important Questions for Board Exam 2020


Chemistry Important Question Bank for board exam 2020


Physics – Section I- Important Question Bank for Maharashtra Board HSC Examination


Physics – Section II – Science- Important Question Bank for Maharashtra Board HSC 2020 Examination


MUST REMEMBER THINGS on the day of Exam


Are you prepared? for English Grammar in Board Exam.


Paper Presentation In Board Exam


How to Score Good Marks in SSC Board Exams


Tips To Score More Than 90% Marks In 12th Board Exam


How to write English exams?


How to prepare for board exam when less time is left


How to memorise what you learn for board exam