02. Following are the Balance Sheet and Receipt and Payment Account of Gurudeva Education Trust, Tumkur.
Receipts and Payment \( A / C \) for the year ended 31-03-2018
Dr.
Adjuntments:
1. Subscriptions outstanding \( ₹ 5,000 \).
2. Salary prepaid ₹ 2,500
3. Capitalise \( 50 \% \) of entrance fees and \( 100 \% \) of donations.
4. Depreciate buildings by \( 10 \% \) p.a.
Prepure: i) Income and Expenditure Account for the year ending 31-03-2018.
ii) Balance Sheet as on 31-03-2018.
(Ammer: I te E A/C Surplus ₹ 11,300 , Total of B/S ₹ 1,82,300, )
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