Question : From the following information find out the actual amount of expenditure to be shown in the Assets side of the closing Balance Sheet:

Expenses paid during the year 1,40,000

Expenses outstanding at the end of the year 30,000

Expenses prepaid at the

Question : From the following information, find out the actual amount of expenditure to be shown in Income and Expenditure A/c:

Expenses paid during the year 140,000

Expenses outstanding at the end of the year 30,000

Expenses prepaid at the beginning of the year

Question : From the following information, find out the actual amount of expenditure to be shown in Income and Expenditure A/c:

Expenses paid during the year 140,000

Expenses outstanding at the end of the year 30,000

Expenses prepaid at the beginning of the year

Question : Expenses paid in advance are:

Question : Municipal Taxes paid during the year Rs 4,000. Municipal taxes amount to 4,000 per year and are paid upto 30th June every year. Calculate the amount of the subscription debited to the Income and Expenditure Account and also calculate the amount of subscription