Question

ACCOUNTING FOR
-FON-PROFIT ORGANISATION
33. Summary of cash
transactions and other transactions of a school run by a Public Chari
are given below:
2
Opening Balances as on January 1, 2019
Cash in hand
Post office savings
- Current Account with SBI
Staff salaries
17.000
2.15.000
15.25.000
8.12.000
2.12.000
8.02.000
1.15.000
10.85.250
Fees collected
Fees outstanding
Government grants (Gross)
Grants not yet released
Aid received from trust
General expenses paid
Bills not yet met
Extension of building Contractor's bill
Cheque issued
Closing balances as on December 31, 2019
Cash in hand
Post office savings bank Account
1.12.000
17.500
12.12.000
10.50.000
150
12.100
Current Account with SBI
Prepare Receipts and Payments Account.
[Ans. : Balance of Current Account at the end​

Answer 1

omg huge question with little points