20.Following is the receipts and payment account of Sports Club for the year ended 31-03-
2020:
In the Books of Sports Club
Receipts and Payments Account
for the year ended 31st March, 2020
Receipts Amt.(
₹)
Payments Amt. (₹)
To Balance b/d
To Subscriptions:
2018-19 - 2,000
2019-20 – 25,000
2020-21 – 2,500
To sale of old
Newspapers
To govt. Grants
To sale of old
furniture’s
(book value – 10,000)
To interest on fixed
Deposits
22,950
29,500
625
5,000
6,000
625
By Salary A/C
By Newspapers
By Electricity
By Fixed Deposit
(on 01-07-2019)
@ 9% p.a
By books
By rent
By furnitures
By balance c/d
6,000
1,250
2,000
10,000
15,500
4,800
12,500
12,250
64300 64300
Additional Information’s:
(a) Subscriptions outstanding as on 31-03-2019 were 3,000 and as on 31-03-2020
6,000.
(b)On 31-03-2020 salary outstanding was 3,000 and rent outstanding was 1,200.
(c) The club owned furnitures 20,000 and books of 6,500 on 01-04-2019. Prepare
Income & Expenditure A/c of the club for the year ended 31-03-2020 and ascertain
capital fund as on 01-04-2019.
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Answer:
ask me maths
Explanation:
if he is asking my answer should be 20 letters that's why I am keeping like this sorry for
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