Question

48. The Treasurer of India Tennis Club presented the following Receipts and
Payments Account for the year ended 31.3.2013.
Payments
Receipts
Cash at Bank (Opening)
Subscriptions
Sales of Refreshments
Court Hire
Sales of Balls
20,400 Purchase of Balls
48,000 Refreshments Creditors
61,000 Marking and Repairing Courts
5,400 Construction of New Court
7,400 General Expenses
Cash at Bank (Closing)
1,42,200
8,000
44,000
7,600
50,000
6,200
26,400
1,42,200
He also provides the following additional information:
The club's courts were valued at 1,20,000 on 1.4.2012
(ii)
Particulars
1.04.2012 31.03.2012
₹
₹
Tennis Balls on hand (at cost)
Creditors for Refreshments
Subscriptions Outstanding
800
8,000
4,000
1,800
6,000
7,000
Prepare an Income and Expenditure Account for the year ended 31.3.2013
and show the Balance Sheet as on that date.
noning CE 137.200.
foon​

Answer 1

Answer:

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