View more random threads:
- SOC101 Introduction to Sociology Assignment No 01 Solution...
- RTS720 Research Thesis Assignment No. 02 MS Synopsis till...
- Cs 301 Solution May 4, 2010
- MGT 502 Organizational Behavior Fall October 2010...
- SME Management (MGT601) fall 2010 assignment solution
- PSY404 Abnormal Psychology Assignment Solution Fall...
- CS304 Object Oriented Programming Assignment 02 Fall 2014...
- CS606 Compiler Construction Assignment No. 1 Ideal Solution...
- STA301 Solution of the First Assignment solution Fall2010
- Assignment solution eng 301 due date 20 may 2015
Sponsored Links
FIN-611 Advanced Financial Accounting assignment No 01 Solution and Discussion Ideas
ASSIGNMENT:
Case:
YALTA club is a non-profit organization which provides service and carries on the
activities in the interest of society. Equity to the YALTA is provided by member
contributions, grants by government and donations etc. The club administration keeps the record of all of its income and expense. Below is the trial balance of YALTA Club for the year 2012.
Particulars Dr.
Rupees
Cr.
Rupees
General fund 63,000
Cash in hand 5,000
Cash at bank 1,000
Sundry debtors 3,000
Sundry creditors 6,200
Furniture & Fixture 8,000
Building 45,000Rent 5,500
Entrance fee 1,200
Salaries & Wages 4,200
Extension of building 7,000
Printing & Stationary 1,000
Card & Billiard room
receipts
14,000
Sundry expenses 700
Repair of building and
furniture
500
Utility expenses 1,100
Total 83,200 83,200
Additional Information:
1.
1.1. Subscription received during the year 2012 9,000
1.2. Subscription outstanding at the beginning of 2012 4,500
1.3. Subscription outstanding at the closing of 2012 800
2. Write off depreciation @7% per annum on furniture and 3% on building including the
extension.
3. Stock of cold drinks Rs. 5,300
Required: By using the above data, prepare/calculate the followings for the year 2012:
1. Calculate the amount of subscription income.
2. Prepare an Income and expenditure account.
3. Prepare balance sheet.
(Note: “Standard format of “income & expenditure account” and “balance sheet” must be
followed as communicated in lectures and handouts).IMPORTANT:
24 hours extra / grace period after the due date are usually available to
overcome uploading difficulties. This extra time should only be used to meet
the emergencies and above mentioned due dates should always be treated as
final to avoid any inconvenience.
IMPORTANT INSTRUCTIONS/ SOLUTION GUIDELINES/ SPECIAL
INSTRUCTIONS
OTHER IMPORTANT INSTRUCTIONS:
DEADLINE:
• Make sure to upload the solution file before the due date on VULMS.
• In case of LMS error, any submission made via email after the due date
will not be accepted.
FORMATTING GUIDELINES:
• Use the font style “Times New Roman” or “Arial” and font size “12”.
• It is advised to compose your document in MS-Word format.
• You may also compose your assignment in Open Office format.
There are currently 1 users browsing this thread. (0 members and 1 guests)