Question

following is the recipets and payments account of citizen club for the year ended 31st march 2018​

Answer 1

Answer:

Receipts Rs. Payments

To Balance b/d To Subscriptions (including Rs 10,000 for 2018-19) To Life Membership Fee To Interest on Investments 7% p.a. for full year) 2,40,000 5,80,000 25,000 28,000 By Rent (paid for 11 months) By Insurance By Salaries By Stationery purchased By Balance

Explanation:

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