6. Following is the summary of cash transactions of Good Health Club for the year ending 31st March, 2018
Particulars
Opening Balance
3.00.000
3.75.500
14 006
Subscriptions Received:
2016-2017
2017-2018
2018-2019
Donations for Gym
Admission Fees 2
Life Membership Fee
Wages and Salanes
Locker Rent
Invested in 9% Debentures of XYZ Ltd.
Health Journals
Stationery
Insurance Premium
Courier Charges
Municipal Taxes
Machinery Purchased
Sale of Old Newspapers
Interest on Bank Balance
Cash in Hand
1.40.000
5.000
6.780
800
From the above summary prepare a Receipts and Payments Account of Good Health Club for the year ending
31st March, 2018
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answer is 6,30,410
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