Question

Q. 15. From the given Receipts and Payments Account and additional information of Premier
Club for the year ended 31st March, 2019, prepare Income and Expenditure Account for
the year ended 31st March, 2019 and Balance Sheet as on that date:
RECEIPTS AND PAYMENTS ACCOUNT OF PREMIER CLUB
for the year ended 31st March, 2019
Cr.
₹ Payments
3 ₹
80,900 By Furniture and Equipment
1,00,000
39,000 (Purchased on 1st October, 2018)
To Subscriptions:
By Salaries
62,000
12,000
By Balance cld
68,600
2018-19
70,000
2019-20
9,000 91,000
To Interest Received
19,700
2,30,600
2,30,600
Balance bid
Donations
2017-18
n
Additional Information:
(i) On 1st April, 2018, the club had the following balances of assets and liabilities:
Furniture and Equipment 1,80,000, Subscriptions in arrears 15,000, and Outstanding
Salary 13,000.
2018-19
1,60500*x 10
(i) Charge depreciation on Furniture and Equipment @ 10% p.a.
17 18
(iii) The club had 90 members, each paying an annual subscription of * 1,000. (CBSE 2020)
Ans. Surplus: * 76,700; Capital Fund (1st April, 2018): *2,62,900; Balance Sheet Total : 33,48,600.
2

Answer 1

Answer:

A family is a group of two or more persons related by birth, marriage, or adoption who live together; all such related persons are considered as members of one family. ... Unrelated individual: An unrelated individual is a person (other than an inmate of an institution) who is not living with any relatives.