From the information given below, prepare Receipts and Payments Account of
Madras Modern Club, Chennai for the year ending on March 31, 2020 :
6
Particulars
Amount Rs.
Cash Balance as on April 1, 2019
Subscriptions (including Rs. 8,000 for 2018-2019 and
Rs. 12,000 for 2020-2021)
12% Investments purchased on 1.4.2019
Entrance fee received
Sports Materials Purchased
Furniture purchased
Sale of old Furniture (Cost Rs. 20,000)
Municipal Taxes
Printing and Stationery
Sale of old Sports Materials
General Expenses (out of which Rs.2,000 is yet to be
paid)
Interest received on Investments
Tournament expenses
Salary paid
Postage and Courier
45,000
4,70,000
1,50,000
15,000
70,000
80,000
5,000
1,000
24,000
6,000
20,000
6,000
72,000
84,000
2,000
Answers
Answered by
0
Answer:
Rs. 12,000 for 2020-2021)
12% Investments purchased on 1.4.2019
Entrance fee received
Sports Materials Purchased
Furniture purchased
Explanation:
15,000
70,000
80,000
5,000
1,000
24,000
6,000
20,000
6,000
72,000
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