Dr.
RECEIPTS AND PAYMENTS ACCOUNT
for the year ended 31st March, 2019
45.000
Balance b/d
Subscriptions
Govt. Grant
Legacies
Donations
Donations for Tournament
Sale of Defence Bonds
Interest on Defence Bonds
Interest received on F.D.
34,000 Municipal Taxes
2,00,000 Charity
75.000 Rent
1,50,000 Fixed Deposit with Bank
1,00,000 (on 1.07.2018 @ 10% pa) 3,00,000
50,000 Meeting expenses
40,000 T.V. Set
6,000 Tournament Expenses
15.000 Furniture
Balance cl
6,70.000
25.000
40.000
60,000
15,000
1,35,000
6,70,00
Prepare Income and Expenditure Account for the year ended 31st March, 2019
and a Balance Sheet as at that date after the following adjustments :
Subscriptions received during the year included 10,000 from a life member
and a Donation of 50,000 received for Building Fund.
Book value of Defence Bonds sold was 30,000; 360,000 of the Defence
Bonds were still in hand.
Answers
Answer:
Dr.
RECEIPTS AND PAYMENTS ACCOUNT
for the year ended 31st March, 2019
45.000
Balance b/d
Subscriptions
Govt. Grant
Legacies
Donations
Donations for Tournament
Sale of Defence Bonds
Interest on Defence Bonds
Interest received on F.D.
34,000 Municipal Taxes
2,00,000 Charity
75.000 Rent
1,50,000 Fixed Deposit with Bank
1,00,000 (on 1.07.2018 @ 10% pa) 3,00,000
50,000 Meeting expenses
40,000 T.V. Set
6,000 Tournament Expenses
15.000 Furniture
Balance cl
6,70.000
25.000
40.000
60,000
15,000
1,35,000
6,70,00
Prepare Income and Expenditure Account for the year ended 31st March, 2019
and a Balance Sheet as at that date after the following adjustments :
Subscriptions received during the year included 10,000 from a life member
and a Donation of 50,000 received for Building Fund.
Book value of Defence Bonds sold was 30,000; 360,000 of the Defence
Bonds were still in hand.