Question

Q. 13. Following is the Receipts and Payments Account of Star Club for the
ended 31st March, 2019:
Payments
Receipts
To Balance b/d on 1-4-2018
4,400 By Salaries
To Subscriptions
46,100 By Rent
Te Interest
2,500 By Printing and Stationery
To Tournament Fund
12,000 By Expenses on Charity Show
To Donation
6,000 By Tournament Expenses
To Donation for Building extension 20,000 By Investments purchased
By Furniture
6,000
To Receipts from advertisement
in the year book
5,200 By Balance c/d on 31-3-2019 16.10
96,200
18210
15.000
7.300
16.100
7,500
10,000
To Balance
Cash in
Cash in
Cash in
To Subscr
To Entran
To Life M
To News
To Cante
To Intere
96.200
Subscriptions outstanding on 31st March, 2018 were 4,500 and on 31st March
2019 were 76,000. Rent outstanding at the beginning of the year was 1,000 and in the
end was $1,500. Furniture was purchased on 1st July, 2018.
On 1st April, 2018 the Club had Furniture valued 8,000 and Investments valued
315,000
Prepare Income and Expenditure A/c for the year ended 31st March, 2019 and a
Balance Sheet as at that date, after depreciating furniture by 10% p.a.
Addition
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Answer 1

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Answer 2

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