Question

106Following is the Receipt and Payments Account of Natraj Literary Society, Hyderabadfor the year ended 31 March, 2016 :ReceiptsAmount PaymentsAmount(Rs.)(Rs.)To balance b/d 1/4/20157,200 By Salaries16.500To Donations8,000 By Sundry Expenses1,000To Rent of the hall15,400 By Charities1,500To Proceeds of lectures 4,700 By Cost of lectures3,000To Interest on Bonds900 By Newspapers3,800To Journey Receipts5,600 By Journey Expenses4,400To sale of old newspapers 300 | By Books14,000To sale of old furniture400 By Mowing Machine10,000(book value Rs. 2,000)(purchased on 1/7/2015)To Subscriptions :By Furniture7,0002014 – 15 1,500By Posting4002015-16 38,000By Conveyance8002016 – 17 80040,300 By Balance eld20,400fit82,800

Answer 1

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