Question

Balance Sheet as on 01.04.2018
Liabilities
Capital Fund
Expenses due
Amt. Rs
690000
7000
Assets
Furniture
Books
Investment in Securities
Cash in Hand
Cash at Bank
TOTAL
Amt. Rs
72500
551000
50000
8500
15000
697000
TOTAL
697000
Dr
Receipts and Payments Account for the year ending 31.03.2019
Cr
Receipts
To Balance 5 d
Cash in Hand
Cash at Bank
To Membership Subscription
To Entrance Fees
To Sale of Scrap
To Hire of Lecture Hall
To Interest on Securities
Amt. Rs Payments
By Electricity Charges
8500 By Postage and Telegram
15000 By Books Purchased
180000 By Payment for Expenses Due
25000 By Sundry Expenses
1500 By Investment on Securities
18000 By Furniture
4000 By Balance c/d
Cash in hand
Cash at Bank
252000
TOTAL
Amt. Rs
6980
6100
80000
7000
10500
100000
28000
6420
7000
252000
TOTAL​

Answer 1

Answer:

Capital Fund

Expenses due

Amt. Rs

690000

7000

Assets

Furniture

Books

Investment in Securities

Cash in Hand

Cash at Bank

TOTAL

Amt. Rs

72500

551000

50000

8500

15000

697000

TOTAL

697000