1. From the following particulars relating to Shyamji Charitable Society, prepare a Receipts and Payments
Account for the year ending 31st March, 2019:
Particulars
₹
Cash in hand as on 1st April, 2018
Cash at bank as on 1st April, 2018
Subscriptions (including 11,000 for 2017-18)
Donations for Building
Miscellaneous Expenses
Locker Rent
Entrance Fees
16,000
28,000
60,000
2,90,000
98,000
32,000
41,000
(CRSE 2020
Answers
Explanation:
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Answer:
Generate a receipts and payments account for the Shyamji Charitable Society for the year ending March 31, 2019, using the information below:
Explanation:
Receipts: Receipts are documents issued by businesses or individuals that serve as proof of a transaction. They provide evidence of the details of a purchase, including the date, items purchased, cost, and payment method. Receipts are important for tracking expenses, verifying purchases, and for tax
Receipts and Payments Account
For the year ended 31st March, 2019
Particulars
Amount
(₹)
Receipts
Opening Cash in hand
16,000
Opening Cash at bank
28,000
Subscriptions
60,000
Donations for Building
2,90,000
Total
3,94,000
Payments
Miscellaneous Expenses
98,000
Locker Rent
32,000
Entrance Fees
41,000
Closing Cash in hand
30,000
Closing Cash at bank
3,43,000
Total
3,94,000
To learn more about Receipts
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