Question

Q. 35. The following is the receipts and payments account of the Rajasthan
Society for the year ending 31st March, 2020 :
Receipts
Payments
To Balance b/d
3,000 By Honorarium to Clerk
10,000
To Subscriptions:
By Cost of Car
80,000
Arrear
600
By Car Expenses
4,200
Current
70,000
By Building advance
25,000
Advance
500 71,100 By Charities
2,000
To Donations
17,500 By Meeting Expenses
5,400
To Entrance Fees
15,000 By Electricity
4,800
To Endowment Fund Receipts 14,000 By Medicines etc.
800
To Life Membership Fees
6,000 By Investments
20,000
To Rent of the Hall
8,700 By Expenses on Charity show
To Grant from local authority
6,200
4,000 By Insurance Premium
To Proceeds of charity show
1,200
16,800 By Balance c/d
400
To Sundries
1,200
To Interest on Investments /
2,700
1,60,000
1,60,000

Answer 1

opening capital fund 3800 and surplus 78200 balance sheet 132700