Question

1.42 Double Entry Book Keeping-CBSE XII
Cr.
Dr.
RECEIPTS AND PAYMENTS ACCOUNT
for the year ended 31st March, 2019
₹ Payments
3,50,000
Receipts
To Balance bld Bls 1
To Subscriptions:
2017-18
2018-19
2019-20
To Rent (From the use of Hall)
To Surplus from Entertainment
To Legacy Donation
To Sale of Old Newspapers
2,50,000
10,00,000
2,00,000
By Salaries
By General Expenses
By Electricity Charges
By Books
By Newspapers
By Balance c/d - bas
14,00,000
3,00,000
2,00,000
5,00,000
4,00,000
2,00,000
14,50,000
7,00,000
2,00,000
2,00,000
1,00,000
30,00,000
30,00,000
(i) The club has 50 members each paying an annual subscription of * 25,000. Subscriptions
Outstanding on 31st March, 2018 were to the extent of * 3,00,000.
(ii) On 31st March, 2019, Salaries Outstanding amounted to 1,00,000. Salaries paid during
2018-19 included * 3,00,000 for the
year
2017-18.
(iii) On 1st April, 2018, the club owned Building valued at * 1,00,00,000, Furniture worth
10,00,000 and Books * 10,00,000.
(iv) Legacy Donation is for construction of Gymnasium.
Solution:​

Answer 1

Answer:

I don't know dear

Explanation:

i am so sorry