Question

Accounts of Non-Profit Organisations
41. The following is the Receipts and Payment Account of khana Club for the year ended 31st
Dec. 2021.
CR.
DR.
5,200
3,068
5,330
₹
Payments
300
By Rent
550 By Stationary
200 By Wages
16,900 By Billiard Table
300 By Repairs
500 By Interest
Receipts
To Balance b/d
To Entrance fees
To Subscription 2020
To Subscription 2021
To Subscription 2022
To Lockers Rent
To Special Subscription
for dinner party
3.900
806
1,500
3,450 By Balance c/d
22,200
2,396
22,200
Additional Information :
016 Gallen
(i) Subscription unpaid for the year 2021,468.
(ii) Stationary 312 related to 2020 and 364 on account is still owing
(iii) Locker's rent include 60 for 2020 and 90 is still owing. Rent 1.300 relates to 2020
and 1,300 is still due. (iv) Building on 31 Dec. 2020 was 50,000.
Prepare an Income and Expenditure A/c of khana Club for the year ending 31st December
2021.
[Ans. Excess of Income over Expenditure 2,492]​

Answer 1

Answer:

Ans. Excess of Income over Expenditure 2,492

Answer 2

Answer:

Ans. Excess of Income over Expenditure 2,492