Question

Preparation of Receipts and Payments Account
From the following information, prepare Receipts and Payments Account of Royal Club,
Ranchi for the year ended 31st December, 2018 :
Cash on 1.1.2018 7 9,800; Subscriptions 75,200; Specific Donation 3 16,000; Entrance Fees
28,600;
Rent of Club-hall * 10,500; Electricity Charges = 7,000; Salaries and
Wages ? 45,000
Honorarium to Secretary 35,000; Newspaper = 2,000; Interest of Bank Deposit 1,000,
Furniture Purchased * 2,000 (during year); Miscellaneous Expenses 10,000,
[Ans. Balance of Cash (31.12.2018) 50,100; Total of Receipts and Payments A/c 1,21,100.)​

Answer 1

Answer:

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