Accountancy, asked by rajanpreetkaur770, 2 months ago

Q.1. From the information given below, prepare Receipts and Payments Account of Modern Club, Janakpuri for the year ending on March 31, 2021 : Cash & Bank as on April 1, 2020 Subscriptions (including 8,000 for 2019-20 and 12,000 for 2021-22) 12% Investments purchased on April 1, 2020 Entrance fee received Sports materials purchased Furniture purchased Sale of old furniture (Cost 20,000) Municipal Taxes Printing and Stationery Sale of old sports materials General expenses (out of which 2,000 is yet to be paid) Interest received on Investments 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​

Answers

Answered by sakshisingh74630
4

Answer:

Books of Modern Club, Janakpuri

Receipts and Payment Account

for the year ending March 31,2014

Dr. Cr.

Receipts Amount (Rs) Payments Amount (Rs)

Balance b/d 45,000 12% Investments 1,50,000

Subscription 4,70,000 Sports Materials 70,000

Entrance Fees 15,000 Furniture 80,000

Sale of Furniture (Cost Rs 20,000) 5,000 Municipal Taxes 1,000

Sale of Old Sports Materials 6,000 Printing & Stationery 24,000

Interest received on Investments 6,000 General Expenses (20,000 – 2,000) 18,000

Tournament Expenses 72,000

Salary 84,000

Postage & Courier 2,000

Balance c/d 46,000

5,47,000 5,47,000

Explanation:

It's right answer ❤️❤️❤️

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