Following are the Balance Sheet and Receipts and Payments Account of Ganesh Education Trust, Udupi.
Adjustments:
(i) Subscription outstanding Rs. 5,000.
(ii) Subscription received in advance Rs. 5,000.
(iii) Salary prepaid Rs. 2,500.
(iv) Capitalise 50% of entrance fees and 100% of donations
(v) Depreciate Building by 10% p.a.
Prepare:
(a) Income and expenditure A/c for the year ending on 31.03.2015
(b) Balance Sheet as on 31.03.2015.
