Question

Cap al PUNO UN 31 December, 2005 = 1.66,000)
54. The following particulars relate to Young Achievers Club for the year ended 31st March, 2019:
RECEIPTS AND PAYMENTS ACCOUNT
for the year ended 31st March, 2019
Cr
Receipts
Amt.(3) Payments
Amt.
To Balance b/d
32,500 By Salaries
31.500
To Subscriptions:
By Postage
1.250
2017-18
1,500
By Rent
9.000
2018-19
60,000
By Printing and Stationery
14.000
2019-20
1.800 63,300 By Sports Material
11.500
To Prize Fund
3300 90,000 By Miscellaneous Expenses
3.100
To Entrance Fees
1.100 By Furniture (01.10.2018)
20.000
To Sale of old Magazines
450 By 10% Investments (01.07.2018)
70.000
By Balance c/d
27.000
1.87.350
1.87 350
Soo & C.B.
+1200
R.RU
Income - 750g
TOTAL
Sood
BS
- SCO
chorin
You are required to prepare Income and Expenditure Account and Balance Sheet after making the
following adjustments:
) There are 250 members each paying an annual subscription of 300. 2 Soz
(b) 1.200 is still in arrears for the year 2017-18 for subscription.
c) Value of sports material at the beginning and the end of the year was 3,000 and 4.500 5
respectively
CX.O.SE
(d) Depreciation to be provided @ 10% p.a. on Furniture.
DE conse
(Surplus = 11,950: Capital Fund on 19 April 2018 = 238.200:
Balance Sheet Total = 71.41.950 S
of Shankar Sports Club is given below, for the year ended 319-A 3​

Answer 1

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