Question

. DUURDU)
29. The following receipts and payments account has been prepared from the cash book
of Assam Cricket Club, Guwahati.
Receipts
Payments
RO
To Balance on 1-1-2018
280 By Rent and rates
1,700
To Members' entrance fee
231
By Printing & advertising
800
To Subscription of Playing
By Postage & stationery
278
members: 2017
63 By Wages & umpire's fee
1.200
2018
600 By Players' travelling exp.
500
To Subscription of
By Repairs to pavilion
209
honorary member:
By Extension of pavilion
1,956
2017
260 By Wicket and matting
221
2018
4,725 By Bats, balls, etc.
455
2019
120 By Balance
To Public members
on 31-12-2018
301
subscriptions
1,200
To Interest on fixed deposit
141
7,620
7,620
Rent @ 100 p.m. has been paid only upto 30-9-18 and rates have been paid in
advance to the extent of 120. There are 180 owing for wages and umpires' fees, and
a bill for 55 for bats and balls etc. is still outstanding. Playing members subscriptions are
* 40. in arrear for the year and the amount still owing by honorary members is 425
Prepare the income and expenditure account for the year ended,"31st December, 2018.​

Answer 1

Answer:

To Public members

on 31-12-2018

301

subscriptions

1,200

To Interest on fixed deposit

141

7,620

7,620

Rent @ 100 p.m. has been paid only upto 30-9-18 and rates have been paid in

advance to the extent of 120. There are 180 owing for wages and umpires' fees, and

a bill for 55 for bats and balls etc. is still outstanding. Playing members subscriptions are

* 40. in arrear for the year and the amount still owing by honorary members is 425

Prepare the income and expenditure account for the year ended,"31st December, 2018.