Pls help to solve this problem
This query is : Resolved
16 April 2013
The following balances are obtained from the books of Jaipur cricket club as on 31 march. 2001 and 31 march 2002
Particular 31 mar 2001 31 mar 2002
Building 80000 85500
Furniture 40000 30600
Advance subscription 1500 1000
Prepaid expenses 800 1000
Outstanding expenses 3000 1200
Outstanding subscription 3000 5000
Sport equipment 24000 21600
Investment - 12000
Books 15000 16200
Cash 16000 17100
Consider the following information relevant to the year 2001-2002
1) Depreciation provided for the year on building @5%. On furniture and books@10%,sports equipment@20%.
2) Some old furniture standing in the books rs 6000 on 31st march 2001 was sold for Rs 4000
3) The club had 300 members on 31st march 2002 as per register of members, no fresh members were admitted during the year but 10 members left the club on 1 oct 2001.
4) Subscription payable – Rs 15 per month
5) Entrance fees received for Rs 5000 has been capitalized.
You are require to show the receipt and payment account and the income and expenditure account for the year ended 31st march 2012.
Particular 31 mar 2001 31 mar 2002
Building 80000 85500
Furniture 40000 30600
Advance subscription 1500 1000
Prepaid expenses 800 1000
Outstanding expenses 3000 1200
Outstanding subscription 3000 5000
Sport equipment 24000 21600
Investment - 12000
Books 15000 16200
Cash 16000 17100
Consider the following information relevant to the year 2001-2002
1) Depreciation provided for the year on building @5%. On furniture and books@10%,sports equipment@20%.
2) Some old furniture standing in the books rs 6000 on 31st march 2001 was sold for Rs 4000
3) The club had 300 members on 31st march 2002 as per register of members, no fresh members were admitted during the year but 10 members left the club on 1 oct 2001.
4) Subscription payable – Rs 15 per month
5) Entrance fees received for Rs 5000 has been capitalized.
You are require to show the receipt and payment account and the income and expenditure account for the year ended 31st march 2012.
16 April 2013
Provide your Email ID i will mail to you such ID because of presenting here is not clear and proper and couldn't understand.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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17 April 2013
I think there may be some mistake in the above question or insufficient/improper information given in the question.
Because of with the information provided in the question Receipts and payments account doesn't tallied.
So i think there may be some mistake in the question while it provided by the ICAI or any other.
OM SAI SRI SAI JAI JAI SAI
Because of with the information provided in the question Receipts and payments account doesn't tallied.
So i think there may be some mistake in the question while it provided by the ICAI or any other.
OM SAI SRI SAI JAI JAI SAI
17 April 2013
However i try to solve the problem with the assumptions based on the information provided still then also it not matching that meas there may be some mistake while providing question.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
17 April 2013
However can you tell me from where you get that problem.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
17 April 2013
Is it for CPT problem or IPCC problem or any other course problem. But i am sure there may be some mistake in the question.
Any way once again please confirm the question provided by you with authors book. As well as is there is any hint or answer the author's book.
OM SAI SRI SAI JAI JAI SAI
Any way once again please confirm the question provided by you with authors book. As well as is there is any hint or answer the author's book.
OM SAI SRI SAI JAI JAI SAI
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