Question

Commerce class 12th
lesson - Not for Profit Organisation

Illustration No 1 (3)

koe answer de do​

Answer 1

Answer:

Receipt and payment account

receipt. amt. payment. amt

balance b/d. 36

subscription salaries 200

previous year. 40. repairing. 24

current. year. 360. printing &

Rent of room. 20. stationery. 60

games fee. 120. canteen

canteen receipt 250. articles. 170

wages of

watchmen. 136

electricity. 80

rent & taxes. 100

balance c/d. 56

total. 826. total. 826

Explanation:

outstanding expenses and income are not recorded in receipt and payment account