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Books of a kiltuu pension fund

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Reference no: EM131117638

The following account balances were extracted form the books of a kiltuu pension fund for the year ended 30thJune 19X7:

Dr (Shs)

Cr(Shs)

Payments to members

Members' contributions

Payment for management expenses

Interest on investment by fund

Fund Account

Cash balance (PMG)

Investment A/C

500,000

150,000

350,000

2,000,000

800,000

400,000

1,800,000

________

3,000,000

3,000,000

Required: Prepare an income and expenditure account for the year ended 30th June 19X7 and a balance sheet as at that date.

Reference no: EM131117638

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