Question: PLEASE DO THIS AND ANSWER ITS URGENT!! Question:01 The following particulars are obtained from the books of Young men's Association, for the year ended December

Question:01 The following particulars are obtained from the books of Young men's Association, for the year ended December 31,2010. Receipts and Payments Account for the year ended December 31,2010 Receipts Rs Payments Balance b/d 7000 Salaries 3,000 Subscription Printing and Stationery 2009 500 Postage and Telephone 1.800 2010 9,000 Municipal taxes 1,600 2011 1,000 10500 Cutlery Purchase 3,000 Entrance fees 1,000 Electricity Charges 1.200 Life Membership 5,000 Annual Dinner Charges 4,800 Annual Dinner 6,000 Fixed Deposit with Bank 12,000 Hall Rent 3,000 Balance c/d 5,400 Miscellaneous Income 600 TOTAL 33,100 TOTAL 33,100 On 19 January, 2010 the Association had a building worth Rs. 2,00,000, cutlery worth Rs. 6,000 and kitchenware worth Rs. 8,000. There is a deposit with the Telephone Department under the "Own your telephone scheme" amounting to Rs.8,000. Entrance fee and life membership fees are to be capitalized. You are required to depreciate building by 5%, cutlery by 40% and kitchenware by 25%. The annual subscription of the Association members is Rs. 10, and 100 members are in arrears during this year. Municipal taxes were paid up to March 31,2011 You are required to prepare an income and expenditure account for the year ended December 31, 2010 and a balance sheet as on that date, after making the necessary adjustments. Question-2: The following is the receipts and Payments Account of a Sports Club for the year ended 31" December 2014. Receipts Balance 1" Jan. 2014 Entrance fee Subscription Proceeds of concerts Interest of Investment Rs Payments 2,800 Secretary's Salary 500 Upkeep of grounds 8,700 Wages to ground men 1,500 Ground Rent 500 Printing and Postage Sundry Repairs Balance on 31 Dec 2014 14,000 TOTAL RS 3.600 2,200 2,500 200 200 200 5,100 14,000 TOTAL 1. This item includes subscriptions outstanding brought over from previous year Rs. 400. 2. This item includes Rs. 100 in respect of interest accrued in the proceeding period. 3. This item includes Rs.200 applicable to the previous year. 4. This item includes Rs. 100 applicable to the previous year. Other ledger balances at the commencement of the accounting period were: capital fund Rs. 40,500, Income and Expenditure account credit balance brough forward, Rs. 8,900. Club premises and grounds Rs. 30,000, Investments Rs. 10,000. Sports equipment Rs. 2,400, Furniture and fixtures Rs. 4,000. Entrance fees are to be capitalized. The outstanding liabilities on 31 December 2014 were: Wages Rs. 200, Sundry repairs Rs. 50, Interest accrued and outstanding on investment was Rs. 150. Depreciate furniture by 5% and sports equipment by 10% From the above particulars prepare a Balance sheet at the commencement of the period and income and expenditure account for the year ended 31 December 2014, and a balance sheet as on the same date. Question-3: The following is the statement of Receipts and Payments of Mumtaz Hospital for the year ending 31" December 2012 Opening balance: RS Payments Cash 500 Furniture purchased 100 Bank 8,000 Salaries 23,000 Govt Securities 1,80,000 Instruments purchased 500 Receipts: Diet expenses 2,000 Subscriptions 25,000 Surgery and dispensary 1,000 Interest 9.000 Rent and taxes 500 Donations 4,000 Insurance 200 Miscellaneous 300 Office expenses 700 Miscellaneous expense 100 Closing balances: Bank 18,000 Cash 700 Govt Securities 1,80,000 TOTAL 2.26.800 TOTAL 2,26,800 You are asked to prepare the income and Expenditure Account for the year and the Balance sheet as on 31" December 2012. The other assets on 1 January 2012 were: Furniture Rs. 2,000, Land Rs. 50,000, Building Rs. 1,50,000, Instruments Rs. 3,500. The Govt.Securities of the face value of Rs. 2,00,000fcost Rs. 1,80,000) represents Investments of the 2011 Endowment Fund. The subscriptions received include Rs. 10,000 for the year 2011 but Rs. 7,000 is outstanding for 2012. Salaries paid include Rs. 1,000 for 2011 but Rs. 1,500 is payable for 2012. Interest received includes Rs. 2,000 for 2011 but Rs. 2,300 is outstanding for 2012 Email will not consider after deadline time. Kindly when you sending email to me write your NAME and ROLL NUMBER ON subject line
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