From the following Receipts and Payments Account of Krish Fitness and
wellness club for the year ended 31st March 2020, Prepare Income and
Expenditure Account.
(5)
Receipts and Payments Account
For the year ending 31st March,2020
Dr.
Cr.
Receipts Amount Payments Amount
To balance b/d
To subscription
To Entrance Fees
To Life Membership Fees
To sale of old Furniture
(Book Value Rs.15000)
To Donation for
tournament fund
To Miscellaneous
Receipts
85000
68500
25000
30000
5000
20000
15000
By Honorarium
By Medicines
By General Expenses
By Computer
By Newspaper
By Rent
By Tournament expenses
By balance c/d
25000
15500
30000
8000
20000
5000
60000
77000
248500 248500
Additional Information:
(a) Outstanding Subscription was Rs.8000 and Advance Subscription
Rs.5000(2019-20)
(b) There were 600 members each paying an annual subscription of Rs.100
Answers
Answered by
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Answer:
g
Explanation:
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