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
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 ❤️❤️❤️
Similar questions