Page 259 - ISCDEBK-XI

Non-Trading Organisation 23.7

Case (b)

Dr. CREDITORS FOR STATIONERY ACCOUNT Cr.
Particulars ` Particulars `
To Balance b/d (Advance in the Beginning) 200 By Balance b/d (Creditors in the Beginning) 2,000
To Bank A/c 10,800 By Stationery A/c (Credit Purchases)* 10,000
To Balance c/d (Creditors at the end) 1,300 (Balancing Figure)
By Balance c/d (Advance at the end) 300
12,300 12,300

Dr. STOCK OF STATIONERY ACCOUNT Cr.
Particulars ` Particulars `

To Balance b/d 3,000 By Income & Expenditure A/c
To Creditors for Stock of Stationery (Transfer)* 10,000 (Stationery Consumed) (Balancing Figure) 12,500
By Balance c/d 500
13,000 13,000

INCOME & EXPENDITURE ACCOUNT (AN EXTRACT)
Dr. for the year ended 31st March, 2020 Cr.

Expenditure ` Income `
To Stationery Consumed 12,500

BALANCE SHEET (AN EXTRACT)
as at 31st March, 2020
Liabilities ` Assets `
Creditors for Stationery 1,300 Advance for Stationery 300
Stock of Stationery 500

Case (c)

Dr. SUBSCRIPTIONS ACCOUNT Cr.
Particulars ` Particulars `
To Outstanding Subscription A/c 2,000 By Advance Subscription A/c 3,000
To Income & Expenditure A/c 37,000 By Bank A/c 35,000
(Balancing Figure) By Outstanding Subscription A/c:
To Advance Subscription (2020-21) 800 2018-19 (` 2,000 – ` 1,500) 500
2019-20 1,300 1,800
39,800 39,800

INCOME & EXPENDITURE ACCOUNT (AN EXTRACT)
Dr. for the year ended 31st March, 2020 Cr.
Expenditure ` Income `
By Subscription A/c 37,000