Question

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​

Answer 1

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