Question

Hyderabad for the year ended 31st March, 2016:
0.34. Following is the Receipt and Payments Account of Natraj Literary Society,
74.70.000,7
16.500
1.000
1.500
3.000
3.800
Receipts
To Balance b/d 1-4-2015
To Donations
To Rent of the hall
To Proceeds of lectures
To interest on Bonds
To Journey Receipts
To Sale of old newspapers
Ta Sale of old furniture
(book value $2.000)
To Subscriptions
2014-15
1,500
2015-16 38,000
2016-17
800
Payments
7,200 By Salaries
8,000 By Sundry Expenses
15.400 By Charities
4,700 By Cost of lectures
900 By Newspapers
5.600 By Joumey Expenses
300 By Books
400 By Mowing Machine
(Purchased on 1-7-2015)
By Furniture
By Postage
By Conveyance
40.300 By Balance c/d
82,800
14.000
10.000
7,000
400
800
20.400
82.800
Additional Information:
(1) There are 400 members cach paying an annual subscription of 100
(2) On Jlst March, 2015, the trust owned Buildings 75.000; Furniture 10.000;
Books 6.000 and 1296 Bonds 10,000
(3) Salaries of 1.500 for March, 2016 were not paid until 7th April 2016,
19) Joumey income receivable 1400
(5) Charge depreciation 10% pa on Buildings and mowing machine and 20%
pa on the closing balance of furniture and books
decided to treat one half of the amount received an account of donations​

Answer 1

Answer:

Hyderabad for the year ended 31st March, 2016:

0.34. Following is the Receipt and Payments Account of Natraj Literary Society,

74.70.000,7

16.500

1.000

1.500

3.000

3.800

Receipts

To Balance b/d 1-4-2015

To Donations

To Rent of the hall

To Proceeds of lectures

To interest on Bonds

To Journey Receipts

To Sale of old newspapers

Ta Sale of old furniture

(book value $2.000)

To Subscriptions

2014-15

1,500

2015-16 38,000

2016-17

800

Payments

7,200 By Salaries

8,000 By Sundry Expenses