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       Name X.Y.Z
                                            Income and Expenditure Account 
                                                For the year ended 31.Dec.2017
Expenditure Rs. Income Rs.
Sundry expenses         18,300 Members’ subscriptions               47,900
Utilites expense           1,500 Entrance Fee                1,200
Stationery Expense             900 Dividend                4,500
Salaries & Wages         10,200    
Depreication (2400+300)           2,700    
Surplus       20,000    
       
           53,600                   53,600
          Name X.Y.Z
                                                       Balance sheet
                                                     As At 31.Dec.2017
Liabilities . Rs. Asset Rs.
Capital Fund    -     254,400   Land & Building &             150,000
Capital Introdue        1,200   Machinery  
Surplus                   20,000       275,600 Equipment (46500  
Subcription in Advance         12,700 Less- Dep(46500-2400)               44,100
    Furniture & Fixture-6000  
    Less- Dep(6000-300)                5,700
    Investment               36,000
    Entrnace Fee               30,000
    Cash 21600 #
    Subcription Due 900
    288,300           288,300
Opening Statement Of Affairs
                                               As On 01 Jan 2017
   
Assest Rs.
Land & Building &                                       150,000
Furniture & Fixture                                         6,000
Equipment                                        16,500
Investment                                       36,000
Entrnace Fee                                       30,000
Cash 11400
Subcription Due   6000
              -                                     255,900
Liabilites
Subcription in Advance                                       (1,500)
Capital Funds               -                                     254,400               -  
Closing  Statement Of Affairs
                                               As On 31 Dec 2017
Assest Rs.
Land & Building &                                       150,000
Furniture & Fixture                                         5,700
Equipment                                        44,100
Investment                                       36,000
Entrnace Fee                                       30,000
Cash 21600
Subcription Due   900
              -                                     288,300
Liabilites
Subcription in Advance                                     (12,700)
Capital Funds               -                                     275,600
Subcreiption A/C
                                                 As on  31.Dec.2017
Particulars Rs. Particulars Rs.
Opening Balance           6,000 Opening Balance Adv                1,500
Income          47,900 Cash received                64,200
Closing balance Adv         12,700    
       
    Closing Balance                  900
       
       
           66,600                   66,600
Machinery & Equipment A/C
                                           As on  31.Dec.2017
Particulars Rs. Particulars Rs.
Opening Balance         16,500 Deprication                 2,400
Purcashe         30,000    
       
       
    Closing Balance             44,100
       
       
           46,500                   46,500
Furniture A/C
                                                 As on  31.Dec.2017
Particulars Rs. Particulars Rs.
Opening Balance           6,000 Deprication                    300
       
       
       
    Closing Balance               5,700
       
       
             6,000                      6,000
 PROPERTY, PLANT AND EQUIPMENT                       
                         
     COST     DEPRECIATION   Written down   
     As at    Additions   As at      Accumulated       Charge       value as at   
     01 January     31 December     as at 01 January     for the year       31 December    Depreciation 
                       rate  
     (Rupees)     (Rupees)   (Rupees)   % 
                         
 OWNED ASSETS                         
                         
Land & Building &                                       150,000                     -         150,000             -               -                150,000 0
                      -            
 Furniture and fittings                                          6,000                     -            6,000             -             300                  5,700 5
                   
 Machinery & Equipment                                        16,500               30,000         46,500             -           2,400                44,100 10
 Total 2017                                      172,500             30,000     202,500             -         2,700              199,800  


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