Question

16. The following is the receipts and payments account of Dhara Sports Club for the year
ended 31st March, 2020.
Receipts and Payments Account
Dr
for the year ending 31st March, 2020
Cr
Receipts
Amt)
Payments
Amt (3)
To Advertisement in Club's Year Book
39,900 By Rent
1,12,000
To Grant
70,000 By Salary
1,96,000
To Entrance Fees
24,500 By Telephone
17,500
To Table Tennis Fees
28,000 By Postage
22,400
To Billiard Fees
36,400 By Rent and Tax
50,400
To Bar Receipts
4,20,000 By Bar Purchases
3,15,000
To Subscription
1,75,000 By Furniture
35,000
To Donation
84,000 By Stationery
56,000
By Balance c/d
Cash
19,600
Bank
53,900
8,77,800
8,77,800
Additional Information
(i) Donations are for specifically building fund.
(ii) Salary is paid @ 17,500 p.m. and salary of 7,000 is prepaid.​

Answer 1

Answer:

The following is the receipts and payments account of Dhara Sports Club for the year

ended 31st March, 2020.

Receipts and Payments Account

Dr

for the year ending 31st March, 2020

Cr

Receipts

Amt)

Payments

Amt (3)

To Advertisement in Club's Year Book

39,900 By Rent

1,12,000

To Grant

70,000 By Salary

1,96,000

To Entrance Fees

24,500 By Telephone

17,500

To Table Tennis Fees

28,000 By Postage

22,400

To Billiard Fees

36,400 By Rent and Tax