From the following information of Gems Club, Prepare Income and Expenditure Account for the year ended 31st March, 2018.
Receipts and Payments Account of Gems Club For the year ended 31st March, 2018
Additional Information :
Subscription Received Included Rs 15,000 for 2018 –19. The Amount of Subscription Outstanding on 31st March, 2018 were Rs 20,000 . Salaries Unpaid on 31st March, 2018 were Rs 8,000 and Rent Receivable was Rs 2,000. Opening Stock of Printing and Stationery was Rs 12,000 whereas Closing Stock was Rs 15,000.
