EXPENSE AMT AMT INCOME AMT AMT

To Salary 12,000 By subscription 42,600

(+) O/s of cy (+) Subscription 3,000
(+) Prepaid of ly outstanding at the end
(-) O/s of last year of the year
(-) Prepaid current year
(-) Subscription
outstanding in the 45,600
beginning of the year 2,400 43,200
To Rent & Taxes 9,000 By sale of old 2,200
(+) O/s of cy newspaper
(-) O/s of last year
To General Expense 14,500 By Rent Received 6,000
(+) O/s of cy
(-) O/s of last year
To Subscription to 6,500 By Accrued Interest 1,500
newspaper
(+) O/s of cy
(-) O/s of last year
To Depreciation
(+) Sports equipment 1,800
(+) Furniture
1,550 3,350

To Surplus 7,550

Total 52,900 52,900

Balance Sheet of as on 31st December 2010

LIABILITIES AMT ASSETS AMT

Capital Fund 20,850 Fixed Asset

(+) Surplus 7,550 Sport’s equipment 12,000
(+) Entrance Fees 12,000 (-) Depreciation 1,800 10,200
(+) Donation 14,500 54,900
Furniture 3,000
(+) Addition (1.6.2009) 25,000
1250 28,000
(-) Depreciation 1,550 26,450
Building Fund 10,000 Cash in Hand 8,700
(+) Donation 15,000 25,000
Cash at Bank 10,050

O/s Subscription 3,000

Investments 20,000

Interest on Investment 1,500

79,900 79,900