Question

20. From the following cash transactions relating to Royal Club, Green Park, prepare
w ant for the year ended 31st March, 2019 and a Balance Sheet as at that date
Receipts
Payments
To Cash in hand on 1st April, 2018 4900

By Salaries20100
By Travelling Expenses
8,600
subscription ( including 800 for the year ending 31.3.2020) 52.100 By Printing & Strtionery
1,720
6,000 by donation by Rent
16,600
To Proceeds from chanty show
16,200 By Repairs
450
To sale of furniture ( book value 4000)1600
By Building purchases
30,000By Government bonds
5,000
to life membership fee
9,000 By Balance dd 0:31.3.2019
32,130
To lo on Investments
(Cost of investments 40,000) 4,800
To Sale of old car
20,000
11.14 600
1.14.600
On 1-4-2018, he club owned land and building valued at 40,000 and furniture valued at 10,500. There
were 150 members on that date, each of whora had paid subscription of 100. The book value of car was
25000
Subscriptions due on 31st March, 2018 and on 31st March, 2019 are 3.400 and 2,000 respectively
Similarly, interest on Investments due at the beginning of the year wu 800 and at the end of the year was
1.000.
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Answer 1

Answer:

On the basis of the following information, calculate amount that will appear against the term ' Stationery Used' in the Income and Expenditure Account for the year ended 31st March , 2018

Stock of Stationery as at 1st April, 2017 12,000

Creditors for Stationery as at 1st April, 2017 25,600

Amount paid for Stationery during the year ended 31st March,2018 1,40,000

Stock of Stationery as at 31st March,2018 23,200

Creditors for Stationery as at 31st March,2018 24,000

ANSWER:

Statement of Stationery Consumed

for the year ended March 31, 2017

Particulars

Amount

(Rs)

Amount paid for Stationery during the year 2016-17

1,40,000

Add: Opening Stock (as on April 01, 2016)

12,000

Less: Closing Stock (as on March 31, 2017)

(23,200)

Add: Creditors at the end (as on March 31, 2017)

24,000

Less: Creditors in the beginning (as on April 01, 2016)

(25,600)

Amount of Stationery be shown in Income and Expenditure Account

1,27,200

Explanation:

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