Question

2. Bengal Cricket Club was inaugurated on 1st April, 2020. It had the following Receipts and Payments during the year ended 31st March, 2021:
Receipts: Entrance Fees * 10,000; Subscriptions *60,000; Donations 10,000.
Payments: Rent * 15,000; Postages 1,000; Newspapers and Magazines 8,000; Investments * 30,000;
Stationery 4,000; Entertainment Expenses 3,000; Miscellaneous Expenses * 2,000.
Show the Receipts and Payments Account for the year ended 31st March, 2021.​

Answer 1

Answer:

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Explanation:

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