Question

22. The following is the Receipts and Payments Account for the Indian Gymkhana for the year
ended 31st December, 2019:
DR.
CR.
Receipts
Amount
Payments
Amount
₹
To Donations
50,000 By Buildings
40,000
To Life-membership Fees
1,500 By Expenses of Quadrangular
To Entrance Fees
2,500 Matches
000
To Quadrangular Match
Fund Receipts
10,000 By Furniture
2,100
To Subscription (including
By Salaries
1,800
100 for 2020)
3.200 By Expenses on Tennis, etc.
1,140
To Interest
200 By Insurance Paid (for 1 year
To Sale of Scrap
900 upto 30th June, 2020)
360
To Sundry Receipts
100 By Gardening expenses
170
By Printing & Stationery
80
By Postage etc.
200
By Sundries
150
By Investments at Cost
18,000
By Balance c/d
3,500
68,400
68,400
Donations, Life membership fees and entrance fees are to be treated as capital receipts, and
to be merged in capital fund.
Subscriptions for 2019 amounting to 300 are outstanding and unpaid. Outstanding salaries​

Answer 1

a noun denoting an idea, quality, or state rather than a concrete object, e.g. truth, danger, happiness.

Answer 2

Explanation:

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