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Prepare Opening Balance Sheet.

Prepare income and expenditure account and balance sheet. All the transactions of the revenue receipts and payments related to the current year are recorded in these accounts in Not-for. It is called the Balance Sheet because it reports on Asset Liability and Equity accounts and is meant to show that these three accounts balance according to the accounting equation. Dec 2012 is 1200 and 2300 on 31122013 opening stock of postage stamps is 300 and closing stock is 200 Rent 1500 related to 2012 and 1500 is still unpaid.

For the year ending March 31 2016. The format in PDF. Ii Opening Stock of postage stamps is 300 and closing stock is 200.

After studying this lesson you will be able to. 6 There are 400 members each paying 5 as annual subscription 360 subscriptions still. A Prepare income statement for the year ended 31 December 2014.

B Prepare a balance sheet. The preparation of Opening Balance Sheet ie Closing Balance Sheet of the previous year if it is not given in the question is very important in the sense that it-facilitates to understand the hidden items. Please log in or register to add a comment.

The following balances are taken from the books of George Anderson at the end of his first year trading on 31 December 2014. Prepare the Income and Expenditure Account and Balance Sheet with the help of the following informations. Receipts and Payment Account of Sears Club for the year ended 31-3-2018.

From the following Receipts and Payment Account and additional information prepare Income and Expenditure Account and Balance Sheet of Sears Club Noida as on March 31 2018. Prepare Income and Expenditure Account and Balance Sheet for the year ended December 31 2016 from the following Receipt and Payment Account and Balance Sheet of culture club. Jagrat Creation Presents This Video lecture on Accounting for Not-for-Profit Organisation Which Includes sum wherein Income Expenditure Account and Balan.

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