Fin611 Solution Spring 2012

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dekhen apko is meh income statement banani hai 1st all revenues add kar len then expense add kar len seprate kar k then as u know
income statement shows net profit so

net profit = revenues - expenses




Income and Expenditure Account
For the year ended on 31st December 2011

INCOME
Subscription (450*1000)         450000
Profit on sale of events ticket 310000
Profit on investment s 200000
______________
Total Income   960000
Less :
Expenditure
Salary 416000
Stationery (80000-18000)       62000
Rent (120000+10000) 130000
Electricity        20000
Repairs            80000
General Expenses        100000
Bad Debts (9000-8000)          1000
Depreciation on Building 100000 (431000)
______________        ________________
431000            52900
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