Question

QUESTION

From the following particulars of silver charitable society prepare receipts and payment accounts
for the year ending 31 March 2019

PARTICULARS

• opening balance
cash in hand 40000
cash at bank 2,10,000

• subscription received ( including rs 15000 for the year 2017 - 18 ) 3,05,000

• donations of buildings 500000

• postage and stationary 25000

• insurance premium ( including rs 4000 paid in advance ) 28 000

• salaries paid ( including rs 5000 for the year 2019 - 20) 35000

• tournament expenses rs 15000

• locker rent 34000

• closing balance

• cash in hand rs 8000

SOLVE THIS QUESTION
NO SPAMMING
CLASS 12 th

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Answer 1

Explanation:

Receipts and payments Accounts Total 10,89,000

Bank Balance Rs. 9,78,000