Page 106 - VIRANSH COACHING CLASSES

Balance Sheet as on 31 March 2020
st
Liabilities Amount Amount Assets Amount Amount
` ` ` `
Capital fund Cash in Hand 33,300
Opening Balance 1,26,800 Investment 1,50,000
Add : 50 % Entrance fees 25,000 Add : Accrued Income 2,000 1,52,000

Add : 60 % Donations 36,000 8 % Fixed Deposit 50,000
Surplus 1,60,000 3,47,800 Add : O/s Interest 1,000 51,000
O/s Salary 12,000 O/s Subscription 20,000
Land & Building 70,000

Less : 10 %Depreciation 7,000 63,000
Furniture 45,000
Less :10 % Depreciation 4,500 40,500

3,59,800 3,59,800

Working Note :
1) Calculation of capital fund
Balance Sheet as on 1 April 2019
st
Liabilities Amount Assets Amount
` `
Outstanding Expenses 25,000 Cash in Hand 32,800
Capital Fund 1,26,800 Outstanding Subscription 4,000

(Balancing figure) Land & Building 70,000
Furniture 45,000
1,51,800 1,51,800

14 : Given below is the Balance Sheet of Yesubai Mahila Mandal on 01.04.2018 and Receipts
and Payments Account for the year ending 31.03.2019.
st
Balance Sheet as on 1 April 2018
Liabilities Amount Assets Amount
` `
Capital Fund 30,000 Cash in Hand 3,000
Outstanding Expenses Cash at Bank 8,000

Salary 8,000 Furniture 20,000
Rent 7,000 Outstanding Subscription 8,500
Stationery 1,000 16,000 6 % Investment 6,500

46,000 46,000

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