Page 79 - VIRANSH COACHING CLASSES

2.3.3 Specimen :
In the books of ......
Income and Expenditure Account
for the year ended 31 March 20.....
st
Dr. Cr.
Expenditure Amt Amt Income Amt Amt
` ` ` `
To Salaries paid xxx By Subscription Received xxx
Less : paid for last year xxx Less :
paid for next year xxx i) received for last year xxx
xxx ii) received of next year xxx
Add Outstanding xxx xxx
xxx Add :
Add prepaid for last year xxx xxx i) Received during last year for xxx
To Wages xxx current year xxx

To Printing and Stationery xxx ii) Outstanding for current year xxx xxx
To Rent xxx By Rent Received xxx
To Interest xxx By Interest Received xxx
To Conveyence xxx By Dividend Received xxx
To Rates & Taxes xxx By Govt. Grants (General) xxx
To Insurances Premium xxx By Ground Rent xxx

To Audit fees xxx By Sundry Receipts xxx
To Office Expenses xxx By Entrance Receipts (Revenue) xxx
To Telephone / Mobile Expenses xxx By Entrance fee (Revenue) xxx
To Medicines xxx By Admission fees xxx
To Sports Materials By Donations (General) xxx
consumed during the year By Profit on Sale of Asset xxx
Opening Stock xxx By Deficit (Excess of xxx
Add : Purchases xxx expediture over Income)

xxx
Less : Closing Stock xxx xxx
To Repairs and Maintenance xxx
To Electricity charges xxx
To News papers and periodical xxx
To Sundry Expenses xxx
To Loss on sale of Asset xxx

To Depreciation on Fixed xxx
Assets
To Surplus (Excess of xxx
Income over Expenditure)
xxxx xxxx

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