Question

Opening Cash Balance 10,000. Subscription received 20,200 including
R
2. Prepare Receipts and Payments Accounts of Diamond Sports Club for
the
year ending 31st March, 2020:
21,200 for 2018-19 and 22,000 for 2020-21. Salaries paid @ 1,500 pm
upto June, 2020; Furniture purchased ? 4,000, Insurance ? 1,000 upto
June, 2020, Tournament Fund 9,000, Tournament Expenses 7,500,
Life Membership Fee * 7,000, Sports material purchased 6,200.​

Answer 1

Answer:

cash in hand ₹5,000

Explanation:

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