Question

6000
90000
Q19. Following is the Receipts and Payments Account of Agarsain Club:
RECEIPTS AND PAYMENTS ACCOUNT
for the year ending 31st March 2019
Receipts
Amount
Payments
Amount
To Balance bd (Cash at Bank) 160500 By Salary
160000
To Subscriptions
By Printing & Stationery
12000
2017-18
By Defence Bonds
120000
2018-19 (90%)
By Rent
60000
2019-20
8000
104000 By Help to meedy students
42000
To Entrance Fees
By Purchase of 6%
2017-18
20000
Govt. Papers
100000
2018-19
80000 100000 (On 1st Sept 2018)
To Hall Rent
10000 By Prizes awarded
40000
To Locker Rent
By Balance cd (Cash at Bank) 116000
(including Rs 10,000 for
2017-18)
40000
To Interest received on
Govt. Papers
1500
To General Donation
75000
To Donation for Prize Fund 50000
To Interest received on Prize
Fund Investments
9000
550000
550000
Additional Information:
(1) The Club paid three months rent in advance both in the beginning and
at the end of the year.
(11) On 31st March 2019 Salary Outstanding was Rs. 10,000 and Locker
Rent Outstanding was Rs. 8,000.
(11) The Club owned Sports Materials of the value of Rs. 5,00,000 on 31st
March 2018. This was valued at Rs. 4,50,000 on 31st March 2019.
Stock includes Sports Materials of Rs. 30,000 which is to be written
off being not useable.
(iv) Following balances appeared on 31st March, 2018
Prize Fund Rs. 1.50,000; 8% Prize Fund Investments Rs. 1,50,000
Prepare Income & Expenditure Account for the year ended 31st March 2019​

Answer 1

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