### 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

1. Very good sirrr

2. Very good sir........

3. ek no. chacha

4. How depreciation on furniture is 5000
It should be 6000

1. Cause it effect is from 1st Oct that's 6 months or half year

2. Can u explain that plz

3. See the new furniture was purchased on 1St Oct. So its calculation will be
10000 mutiplied by 6/12 multiplied by 20/100

4. It's given that depreciation on furniture is at 20%
So the calculation will be
Furniture : 2000×20÷100=4000
Addition : 1000×20÷100×6÷12=1000 (for 6 months)
Therefore the amount will be 4000+1000=5000

5. 1000×20÷100×6÷12=1000 it is wrong
1000×20÷100×6÷12=100 it is correct

6. it's not 1000, it is 10,000

7. Yes My Answer Is Also Coming 10000 Plz Explain Me

8. Then 20000+10000=30000 *20%÷100=6000×6÷12=3000 30000_3000=27000

5. Deprivation on Furniture Incorrect it should be 3,000 as it says in the middle of the year

1. Yes it Should be 3000 (2000+1000)

2. Aaare kaha se aate ho re Tum saale chuityee bokh ke
ITS CLEARLY MENTIONED THERE THAT DEPRECIATION ON FURNITURE IS 20 PERCENT

3. abe 20 percent hai depreciation jhaat ke baal niche diya hai padhne nahi hota?

4. It is given tht depn on furniture 20%.So the calculation will be
=20000x20/100=4000（as it is used for 1 yr）
=10000x20/100x6/12=1000（as it is mentioned that furniture was purchased on 1st oct.
So,4000+1000=5000

5. Tnks tanvi

6. abe chut mari ke 20% hai depre

7. Subcription ka adjustment Kuchh samajh nahi aa raha hi kaise advance aaya

1. Tu gaand maara aapni Chu

2. It's given that there are 100 members n RS 500 annual subscription so 100×500=500
So it's already given that subscription is 48000 so we have to add only 2000 (50000-48000)
N secend effect it will go to assest as outstanding subscription 2000

8. It's given that depreciation on furniture is at 20%
So the calculation will be
Furniture : 2000×20÷100=4000
Addition : 1000×20÷100×6÷12=1000 (for 6 months)
Therefore the amount will be 4000+1000=5000

9. But y have u taken 6 months in addition purchase , mention tho nahi kiya hai half month ka Lena hair

10. Subscription is quite confusing could u plz expalin air

1. The subscription mentioned in recipt account for the current year is 48000 and they have mentioned below tht the annual subscription to be paid by 100 members is 500 rs thus...500×100=50000 it means tht...my subscription for..the current year should be 50000 but in recipt a/c it is 48000 means 2000 is my o/s subscription

2. This comment has been removed by the author.

11. why is drama exp less from drama receipt?

1. Even if you put it in expenditure side the answer in the balance sheet won't change

12. Why outstanding subscription has no effect???

1. See scnd effect is on asset side in balance sheet

13. I think so Salary final ans is wrong .It should come 34,400

14. We are supposed to deduct outstanding subscription for next year(2013 14) why did you add it? And outstanding for current year should be 4000 I guess

1. Salary=35300（total amt）
less：for previous year=1300
So,35300-1300+700=34700

16. Furniture depreciation=
1 year 20000x20/100=4000
6 months 10000x20/100x6/12=500
That means total answer is 4500

17. From where does the'Subscription received in advance' came in liability side of balance sheet?

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