Accountancy, asked by ashadgouri258, 1 month ago

FINANCIAL S
(ii) The
(iii) Cha
[Ans. SL
1.90
FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ORGANISATIONS
Receipts and Payments Account of Dee Club
for the year ending 31st March, 2019
R ₹
Receipts
Payments
To Balance b/d
2,000 By Salaries
42,500
To Subscription :
By Printing and Stationery
21,500
2017-18
1,200
By Furniture (1.10.2018)
15,000
2018-19
49,200
By 9% Investments
3,000
2019-20
2,300
52,700 By Balance c/d
16,850
To Sale of old furniture
(Book value 800)
500
To Donation for prizes
43,000
To Interest on Investment
650
98,850
98,850
Q. 35.
prepare Inca
R
Balance b/
Subscripti
(i) The club has 400 members, each paying an annual subscription of 150.
(ii) Salaries paid included 3,150 for the year 2017-18 and outstanding
salaries for the year 2018-19 were 4,250.
(ii) 9% investments were made on 30th November, 2018. The club had a
similar investment of 8,000 at the beginning of the year.
(iv) Depreciate furniture @ 10% p.a. No depreciation is to be charged on
furniture sold.
(C.B.S.E. 2020, Mumbai, C
[Ans. Deficit 5,340.]
Locker re
Entrance
Life mer​

Answers

Answered by budheliyarupeshbhai
0

Answer:

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Explanation:

sahsis

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