From the following particulars, prepare Income and Expenditure account: Amount Rs 5,20,000 30,000 Details Fees collected,...

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From the following particulars, prepare Income and Expenditure account: Amount Rs 5,20,000 30,000 Details Fees collected, including Rs 80,000 on account of the previous year Fees for the year outstanding Salary paid, including Rs 5,000 on account of the 68,000 previous year Salary outstanding at the end of the year Entertainment expenses Tournament expenses 3,000 8,000 25,000 Meeting Expenses Traveling Expenses Rent Purchase of Books and Periodicals, including Rs 40,000 31,000 for purchase of Books Postage, telegrams and telephones Printing and Stationery 18,000 Donations received 7,000 15,000 6,000 18,000 25,000 From the following particulars, prepare Income and Expenditure account: Amount Rs 5,20,000 30,000 Details Fees collected, including Rs 80,000 on account of the previous year Fees for the year outstanding Salary paid, including Rs 5,000 on account of the 68,000 previous year Salary outstanding at the end of the year Entertainment expenses Tournament expenses 3,000 8,000 25,000 Meeting Expenses Traveling Expenses Rent Purchase of Books and Periodicals, including Rs 40,000 31,000 for purchase of Books Postage, telegrams and telephones Printing and Stationery 18,000 Donations received 7,000 15,000 6,000 18,000 25,000

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