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From the following Receipts and Payments Account of Rolaxe Club, for the year ended 31st March, 2019, prepare Income and Expenditure Account for the ended 31st March, 2019. Receipts and Payments Account for the year ended 31st March, 2019 Receipts ₹ Payments To Balance b/d By Advertisement Cash in hand 17,050 By Rent, Rates and Taxes 13.10 14.00?
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From the following Receipts and Payments Account of Rolaxe Club, for t...
Income and Expenditure Account for the year ended 31st March, 2019
Income
- Advertisement Income: ₹14.00
Expenditure
- Rent, Rates and Taxes: ₹13.10
Explanation:
Receipts and Payments Account for the year ended 31st March, 2019
Receipts:
- Cash in hand: ₹17,050
Payments:
- Rent, Rates and Taxes: ₹13.10
Balance b/d:
- The balance brought down from the previous year is not mentioned in the given information. Hence, we cannot determine the exact amount.
Calculation:
To prepare the Income and Expenditure Account, we need to consider the income and expenditure items that pertain to the year ended 31st March, 2019.
From the given information, we can see that there is only one income item and one expenditure item mentioned.
Income:
- Advertisement Income: This represents the income earned by the club from advertisements. The amount is given as ₹14.00.
Expenditure:
- Rent, Rates and Taxes: This represents the amount paid by the club for rent, rates, and taxes. The amount is given as ₹13.10.
Conclusion:
Based on the given information, the Income and Expenditure Account for the year ended 31st March, 2019 can be prepared as follows:
Income:
- Advertisement Income: ₹14.00
Expenditure:
- Rent, Rates and Taxes: ₹13.10
Note: Since no additional income or expenditure items are mentioned in the given information, the Income and Expenditure Account will only include these two items.
Income
- Advertisement Income: ₹14.00
Expenditure
- Rent, Rates and Taxes: ₹13.10
Explanation:
Receipts and Payments Account for the year ended 31st March, 2019
Receipts:
- Cash in hand: ₹17,050
Payments:
- Rent, Rates and Taxes: ₹13.10
Balance b/d:
- The balance brought down from the previous year is not mentioned in the given information. Hence, we cannot determine the exact amount.
Calculation:
To prepare the Income and Expenditure Account, we need to consider the income and expenditure items that pertain to the year ended 31st March, 2019.
From the given information, we can see that there is only one income item and one expenditure item mentioned.
Income:
- Advertisement Income: This represents the income earned by the club from advertisements. The amount is given as ₹14.00.
Expenditure:
- Rent, Rates and Taxes: This represents the amount paid by the club for rent, rates, and taxes. The amount is given as ₹13.10.
Conclusion:
Based on the given information, the Income and Expenditure Account for the year ended 31st March, 2019 can be prepared as follows:
Income:
- Advertisement Income: ₹14.00
Expenditure:
- Rent, Rates and Taxes: ₹13.10
Note: Since no additional income or expenditure items are mentioned in the given information, the Income and Expenditure Account will only include these two items.
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From the following Receipts and Payments Account of Rolaxe Club, for the year ended 31st March, 2019, prepare Income and Expenditure Account for the ended 31st March, 2019. Receipts and Payments Account for the year ended 31st March, 2019 Receipts ₹ Payments To Balance b/d By Advertisement Cash in hand 17,050 By Rent, Rates and Taxes 13.10 14.00?
Question Description
From the following Receipts and Payments Account of Rolaxe Club, for the year ended 31st March, 2019, prepare Income and Expenditure Account for the ended 31st March, 2019. Receipts and Payments Account for the year ended 31st March, 2019 Receipts ₹ Payments To Balance b/d By Advertisement Cash in hand 17,050 By Rent, Rates and Taxes 13.10 14.00? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about From the following Receipts and Payments Account of Rolaxe Club, for the year ended 31st March, 2019, prepare Income and Expenditure Account for the ended 31st March, 2019. Receipts and Payments Account for the year ended 31st March, 2019 Receipts ₹ Payments To Balance b/d By Advertisement Cash in hand 17,050 By Rent, Rates and Taxes 13.10 14.00? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for From the following Receipts and Payments Account of Rolaxe Club, for the year ended 31st March, 2019, prepare Income and Expenditure Account for the ended 31st March, 2019. Receipts and Payments Account for the year ended 31st March, 2019 Receipts ₹ Payments To Balance b/d By Advertisement Cash in hand 17,050 By Rent, Rates and Taxes 13.10 14.00?.
From the following Receipts and Payments Account of Rolaxe Club, for the year ended 31st March, 2019, prepare Income and Expenditure Account for the ended 31st March, 2019. Receipts and Payments Account for the year ended 31st March, 2019 Receipts ₹ Payments To Balance b/d By Advertisement Cash in hand 17,050 By Rent, Rates and Taxes 13.10 14.00? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about From the following Receipts and Payments Account of Rolaxe Club, for the year ended 31st March, 2019, prepare Income and Expenditure Account for the ended 31st March, 2019. Receipts and Payments Account for the year ended 31st March, 2019 Receipts ₹ Payments To Balance b/d By Advertisement Cash in hand 17,050 By Rent, Rates and Taxes 13.10 14.00? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for From the following Receipts and Payments Account of Rolaxe Club, for the year ended 31st March, 2019, prepare Income and Expenditure Account for the ended 31st March, 2019. Receipts and Payments Account for the year ended 31st March, 2019 Receipts ₹ Payments To Balance b/d By Advertisement Cash in hand 17,050 By Rent, Rates and Taxes 13.10 14.00?.
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