From the following Receipts and Payments Account and additional
information provided by Ramanath Club, Prepare Income and
Expenditure Account for the year ending on 31st March 2021.
Additional Information:
(i) Subscription received during the year includes ₹ 25,000 as donation
for Building.
(ii)Telephone bill unpaid as on March 31, 2020 was ₹ 4,000 and on March
31, 2021 ₹ 2,600.
(iii) Value of 8% Government Securities on March 31, 2020 was ₹
80,000.
(iv)Additional Government Securities worth ₹ 30,000 were purchased on
March 31, 2021.
Answer.
Income & Expenditure A/c
