Question

Trial Balance of Rotary Club on 31^st March, 2018 is as follows:

Particulars	Amount (Rs)	Particulars	Amount (Rs)
Furniture	2,500	Sale of tickets	3,234
Almirah	1,250	Membership fees	10,560
Printing & Stationary	734	Entrance Fees	448
Office expenses	333	Sundry income	1,743
Salary	2,262	Creditors	2,600
Cash in hand	174	Last year Balance	4,000
Cash at Bank	4,800	(Excess of income
Rent	3,194	over expenditure)
Electric Charges	1,618
Meeting Expenses	2,190
Sundry Expenses	1,600
Audit fees	760
Debtors	1,170
	22,585		22,585

Adjustments: (i) Provide for depreciation @ 10% on furniture and 20% on almirah. 

(ii) Rs. 250 of membership fees was outstanding on 31^st March, 2018. 

Prepare income and Expenditure Account and Balance Sheet for the year ending on 31^st March, 2018.

Answer 1

Income & expenditure A/c For the year ended 31^st march, 2018.

Balance Sheet As at 31^st march, 2018.