What is the boy's average expense on travelling, books, fees and food together?
From the following particulars, prepare Income and Expenditure account:
Details
Amount Rs
Fees collected, including Rs 80,000 on account of the previous year
5,20,000
Fees for the year outstanding
30,000
Salary paid , including Rs 5,000 on account of the previous year
68,000
Salary outstanding at the end of the year
3,000
Entertainment expenses
8,000
Tournament expenses
25,000
Meeting Expenses
18,000
Traveling Expenses
7,000
Purchase of Books and Periodicals, including Rs 31,000 for purchase of Books
40,000
Rent
15,000
Postage, telegrams and telephones
6,000
Printing and Stationery
Donations received
Salary paid, including Rs 5,000 on account of the previous year