Question

690
of the Club for the year ended 31st March, 2014:
The accountant of City Club gave the following information about the receipts and payments
Receiper:
Subscriptions
62,130
Fair Receipts
7,200
Variety Show Receipts (net)
12.810
Interest
Bar Collection
22.350
Payments
Premises
30,000
Rent
2.400
Rates and Taxes
3.780
Printing and Stationery
1.410
Sundry Expenses
5,350
Wages
2.520
Fair Expenses
7,170
Honorarium to Secretary
11,000
Bar Purchases (Payments)
17310
Repairs
960
New Car (less proceeds of old car 29,000)
37,800
The following additional information could be obtained:
1-4-2013 31-3-2014
Cash on hand
450 Nil
Bank balance as per Cashbook
24,420 10,350
Cheque issued for Sundry Expenses not presented to
the bank (entry has been duly made in the Cashbook)
270
Subscriptions Due
3,600 2,940
Premises at cost
87,000
Provision for Depreciation on premises
Car at cost
56,400
36,570
Accumulated Depreciation on Car
Bar Stock
30,870
Creditors for Bar Purchases
2,130
Annual Honorarium to Secretary is 212,000. Depreciation on Premises is to be provided at 5%
1,770
on written down value, Depreciation on new Car is to be provided at 20%.
You are required to prepare the Receipts and Payments Account and
iture Account for the year ended
90
1,17,000
46,800
2,610
1,290
and Expendi

Answer 1

Answer:

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