6. The following is the Receipts and Payments Account of Mohun Bagan Football Club, Kolkata for the
year ending 31" March, 2018:
Dr.
RECEIPTS
To Donation
To Life membership fees
To Entrance Fees
To Football Match Fund
To Revenue Receipts:
Subscription
Locker's Rent
Interest on Investment
Cr.
Amount
40,000
5,900
5,100
16,000
Amount PAYMENTS
30,000 By Pavilion Construction
24,000 By Matches Expenses
16,000 By Furniture
15,200 By Investment (at cost)
By Revenue Payments:
40,300 Salarles
2,740
Wages
350 Insurance
Telephone
Electricity
Sundry Expenses
By Balance in hand
1,28,590
18,000
4,600
3,350
1,250
4,110
1,2102
9,070
1,28,590
Answers
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Explanation:
Books of Evergreen Club
Receipts and Payments Account
for the year ended March 31, 2018
Dr.
Cr.
Receipts
Amount
(Rs)
Payments
Amount
(Rs)
Balance b/d
Investments Purchased
5,00,000
Cash in Hand
50,000
Rent Paid
50,000
Cash at Bank
3,40,000
3,90,000
General Expenses
2,30,000
Subscription Received
15,70,000
Postage and Stationery
25,000
Donation Received
2,80,000
Newspapers and Magazines
87,000
Sale of Old Newspapers
12,000
Books Purchased
3,40,000
Interest on Investments Received
50,000
Sports Material Purchased
4,70,000
Honorarium to Coacher
1,50,000
Balance c/d
Cash in Hand
30000
Cash at Bank (Balancing Figure)
4,20000
4,50,000
23,02,000
23,02,000
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