Receipt and Payment A/c records all the receipts on the debit side and all the payments

on the credit side.

the debit side and all income and gains on the credit side. Receipt and Payment A/c records both capital a
yments on the credit side. Income and Expenditure A/c records all expenses & losses on
A/c records both capital and revenue nature items during the year.
 Income & Expenditure Account for the Year Ending 31
Expenditure Mhs. Mhs.
Salaries and Wages 254000
add Accrued tar 2020 T2D£H
Less Accrued tor 2019 -6B000
Maintenance 124000
Office Expense 415000
Printing and Stationary 16B000
Consumption o'f Beverages:
Beg. Balance 1620@
Add Purchases 497WM
Less End Bal. -184D@ 4T5000
Dinner Dance expense 315000
Refund subscription
Sprts prizes
Transport 24B000
Subscription Written aft= Z00000-249D00 51000
Depreciation on Furniture and Fittings 10% on 240000 24000
DepreEiation on Equipment 20s6 on 6goooo 13B000
Income Dver Expenditure Surplus
Total 44I50tX!
e Account for the Year Ending 31 March 2020
Income Mhs. Mhs.
Subscriptions 2D50000
Rd d Arreo rs in 2020 37SD00
Add Subscription received inadvance in 2019 for 2020 85000 2S10000
Dinner Dance inEome 723fX/0
Beverages Sales 65T000
Investment income
Gain on sale of investmets 625000-SD0000

Total 44150000