Question : Investment purchased during the year Rs 60,000 and interest on investment received Rs 1,000. 8% interest has accrued on Investment for five month. Calculate the amount credited to Income and Expenditure account and balance of investment at the end of the year.

Question : Amount paid for the Stationary during the year Rs. 40,000; stock of stationary at the beginning and end of the year Rs. 6,600 and Rs. 5,800 respectively; creditors for sports materials at the beginning and end of the year Rs. 10000 and Rs. 8000 respectively. What amount will

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

Question : General Fund Rs 8,00,000

Investment Rs 8,00,000

Interest on General Fund Investment Rs 80,000

Calculate the amount of General Fund balance at the end of the year.

Question : Salaries paid Rs 4,500 and salaries debited to Income and Expenditure Account is Rs 5,000, where would the difference be transferred?