Reference no: EM132630070
Question - Following is the information provided by Khalid Sports Club:
Cash in hand Rs.5,000/-, Cash at bank Rs.50,000/-, Ground rent Rs.40,000/-, Entrance fees Rs.10,000/-, Miscellaneous expenses Rs.3,000/-, General expenses Rs.21,000/-, portage and printing Rs.7,000/-, Closing cash balance Rs.2,000/-, Subscription Rs.35,000/-, Donation Rs.100,000/-, Taxes Rs.8,000/-, Secretary's salary Rs.65,000/-, Utility expense Rs.9,000/-, Sale of tickets Rs.72,000/-
REQUIRED - Prepare Income and Expenditure Account.
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