Class 11||Income & Expenditure Account and Balance Sheet||Accounting for non-profit organization||
Class 11||Income & Expenditure Account and Balance Sheet||Accounting for non-profit organization|| #agtv #class11account #receiptsandpaymentaccount #incomeandexpenditureaccountbalancesheet #class11accountingfornonprofitorganization #accountvideoagtv #AGTVnewvideo #clas11agtvaccount #modelquestionaccount #accountsolutionclass11 #class11accountsolution Receipts & Payment account and Income & expenditure account: • Class 11|| Receipts & Payment A/C|| I... Income and expenditure account & Balance sheet: • Income & Expenditure Account & Balanc... Accounting for non profit organization: • Accounting for non-profit organizatio... Journal, ledger & trial balance: • Journal Entries, Ledger Accounts & Tr... Budget sheet: • Class 11||Budget Sheet AGF No. 208||P... Bank cash book: • Posting into Bank Cash Book||Helpful ... Adjusted trial balance • Class 11||Adjusted Trial Balance||Bas... Income statement and Balance sheet under NFRS: • Class 11|| Income Statement & Balance... Multi step income statement: • Multi-step income statement solution|... Bank reconciliation statement (2076 GIE set B) • Class 11||Bank Reconciliation Stateme... Accounting Equation: • Class 11||Accounting Equation लेखा सम... Statement of Expenditure (AGF No 210): • STATEMENT OF EXPENDITURE(AGF No 210) Single Entry system(Profit and loss statement and statement of closing affairs) • Accounting for Incomplete records||Si... Journal Voucher: • Journal Voucher/Goshwara Voucher||Cla... Rectification Entries (Suspense account): • Rectification Entries||Suspense a/c||... Rectification Entries model question: • Rectification of errors||class 11||Re... Rectification entries model questions: • Rectification of Errors||Class 11||Ne... Provision for bad debts account: • Provision for bad debt account||New M... Profit and loss account & balance sheet: • Profit & loss Account and Balance She... Final account(traditional method): • Class 11||Final Account||NEB Exam Que... Double column cash book: • Double Column Cash Book||3 Types of d... Triple column cash book: • Class 11||Triple Column Cash Book||So... 1. A service organization provides you the following balance sheet and receipt and payment account. (2072 Set E Q.N.18) Balance Sheet As on 31st Chaitra, 2069 Liabilities Amount (Rs) Assets Amount (Rs) Capital Fund Outstanding wages Advance commission received 40,000 5,000 2,000 Machinery Accrued subscription Bank Balance 30,000 10,000 7,000 Total 47,000 Total 47,000 Receipts and Payments Account of 31st Chaitra, 2070 Receipts Amount (Rs) Payments Amount (Rs) To Balance b/d To Entrance fees To Subscription: 2069 - 9,000 2070 - 50,000 2071 - 6,000 To Commission 30,000 10,000 65,000 10,000 By Wages By Office expenses By Up keep of ground By Stationery By Balance c/d 35,000 25,000 10,000 5,000 40,000 Total 1,15,000 Total 1,15,000 Adjustment: i. 25% of the entrance fee is to be capitalized ii. Provide depreciation on machinery @ 10% iii. Outstanding subscription for the current year is Rs. 12,000. iv. Advance office expenses Rs. 7,000. Required: a) Income & Expenditure Account b) Balance Sheet as on 31st Chaitra, 2070 [ Ans: a. Surplus Rs. 15,500 b. B/S total Rs. 64,000)
