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Question - Q Following is the information provided by khalid Sports Club:
Cash in Hand 5,000
Cash at Bank 50,000
Ground Rent 40,000
Entrance Fee 10,000
Miscellaneous Expenses 3,000
General Expenses 21,000
Postage & Printing 7,000
Closing Cash Balances 2,000
Subscriptions 35,000
Donations 100,000
Taxes 8,000
Secretary's Salary 65,000
Utility Expense 9,000
Sale of Tickets 72,000
REQUIRED - Prepare Income and Expenditure Accounts.
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