Question

Cr.
₹
32,000
18,500
30,000
1,80,000
48. From the following Receipts and Paymen
and Expenditure Account and Balance Sheet of Rural Literacy Society as on 31st March, 2021:
RECEIPTS AND PAYMENTS ACCOUNT for the year ended 31st March, 2021
Receipts
₹ 3. Payments
To Balance b/d:
By General Expenses
Cash in Hand
40,000 By Newspapers
Cash at Bank
1,55,500 By Electricity
To Subscriptions:
By Fixed Deposit with Bank
2019-20
12,000
(On 30th September, 2020 @ 10% p.a.)
2020-21
2,65,000
By Books
2021-22
5,000 2,82,000 By Salary
To Legacy
12,500 By Rent
To Government Grant
1,20,000
By Postage Charges
To Sale of Old Furniture
37,000 By Furniture (Purchased)
(Book value 350,000)
By Balance cld:
To interest received on Fixed Deposit
4,500 Cash in Hand
Cash at Bank
6,51,500
70,000
36,000
65,000
3,000
1,05,000
30,000
82,000
6,51,500
Additional Information:
0) Subscription outstanding as on 31st March, 2020 20,000 and on 31st March, 2021? 15,000.
(11) On 31st March, 2021, salary outstanding 6,000 and one month rent paid in advance.
(ii) On 1st April, 2020, society owned furniture * 1,20,000 and books 50,000.
(Ans.: Surplus-32,15,000; Opening Capital Fund - 3,85,500; Total of Balance Sheet-6,11,500.)
49. Confident Club's Balance Sheet as at 1st April, 2020 was as under:
₹
Liabilities
Assets
₹
200000
Snart Fainmente
50​

Answer 1

Answer:

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