Income and Expenditure problem solution 2017 Professional Ethics LLB Burdwan University
https://things-for-students.blogspot.com/2019/09/income-and-expenditure-problem-solution_22.html
Golden Rule:
Only revenue transactions of the mentioned year are shown in income and expenditure account i.e. transactions of Capital nature are not shown in Income and Expenditure account.
From the following Receipts and Payments Account of a lawyer
for the year ended 31.03.2017, prepare an Income and Expenditure Account.
Receipts
|
Rs.
|
Payments
|
Rs.
|
To Balance b/d
To Fees for appearing at the court
To Fees for drafting legal documents
To Remuneration as guest Lecturer
To Interest on investment
To Examiner’s fees
To Sundry receipts
|
10,000
2,90,000
60,000
30,000
40,000
2,000
18,000
|
By Rent of Chamber
By Salary to Clerk
By Subscription for journals
By Books purchased for own library
By Bar Association Subscriptions
By Computer purchased for chamber
By Electricity charges
By Office expenses
By Balance c/d
|
30,000
48,000
10,000
1,000
24,000
16,000
2,89,000
|
4,50,000
|
4,50,000
|
2017 question solution
