Question

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0.15. From the given Receipts and Payments Account and additional information of Premier
Club for the year ended 31st March, 2019, prepare Income and Expenditure Account for
the year ended 31st March, 2019 and Balance Sheet as on that date:
S.
RECEIPTS AND PAYMENTS ACCOUNT OF PREMIER CLUB
for the year ended 31st March, 2019
₹ Payments
u to
ibh
cajos
Ві
Cr.
80,900
39,000
Balance bid
Donations
Subscriptions:
2017-18
2018-19
2019-20
Interest Received
By Furniture and Equipment
(Purchased on 1st October, 2018)
By Salaries
By Balance cld
1,00,000
12,000
70,000
9,000
62,000
68,600
91,000
19,700
2,30,600
2,30,600
Additional Information:
() On 1st April, 2018, the club had the following balances of assets and liabilities:
Furniture and Equipment 1,80,000, Subscriptions in arrears ? 15,000, and Outstanding
Salary 13,000.
(ii) Charge depreciation on Furniture and Equipment @ 10% p.a.
(iii) The club had 90 members, each paying an annual subscription of ? 1,000.
Ans. Surplus: * 76,700; Capital Fund (1st April, 2018): 52,62,900; Balance Sheet Total : 33,48,600.
(CBSE 2020)

Answer 1

I think 2000 answer is ok fine