INCOME & EXPENDITURE ACCOUNT FOR THE PERIOD MARCH 1, 1978 TO 31ST JANUARY 1979

Summary

This one-page financial statement, issued under the heading “SWATANTRA PARTY, MAHARASHTRA,” records the organisation’s income and expenditure for the period 1 March 1978 to 31 January 1979. Reported income comprised donations of Rs. 3,550.00, rent receipts of Rs. 4,149.41, and miscellaneous receipts of Rs. 57.20, for a total of Rs. 7,756.61.

Expenditure included rent and electricity, salaries, postage and telegrams, conveyance, and office expenses. The statement reports an excess of income over expenditure of Rs. 912.43. The accompanying balance sheet, dated 31 January 1979, lists liabilities of Rs. 482.19 in the capital fund and Rs. 605.85 in the Income & Expenditure Account, against assets comprising Rs. 1,078.04 cash at the Union Bank of India and Rs. 10.00 cash on hand.

Key points

• The statement covers the accounting period from 1 March 1978 to 31 January 1979.
• Total reported income was Rs. 7,756.61.
• Income came from donations, rent receipts, and miscellaneous receipts.
• Major expenditure was rent and electricity at Rs. 5,507.88.
• The account records an excess of income over expenditure of Rs. 912.43.
• The balance sheet is dated 31 January 1979 and totals Rs. 1,088.04 on both sides.
• Listed assets were cash at the Union Bank of India and cash on hand.