Question

* Subscription outstanding <2,000.
Q. 41. 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
To Entrance Fees
5.400
15,000 By Electricity
To Endowment Fund Receipts 14,000 By Medicines etc.
4,800
To Life Membership Fees
6,000 By Investments
800
To Rent of the Hall
20,000
To Grant from local authority
4,000 By Insurance Premium
6,200
To Proceeds of charity show
16,800 By Balance c/d
1,200
400
8,700 By Expenses on Charity show​

Answer 1

Answer:

Subscription outstanding <2,000.

Q. 41. 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

To Entrance Fees

5.400

15,000 By Electricity

To Endowment Fund Receipts 14,000 By Medicines etc.

4,800

To Life Membership Fees

6,000 By Investments

800

To Rent of the Hall

20,000

To Grant from local authority

4,000 By Insurance Premium

6,200

To Proceeds of charity show

16,800 By Balance c/d

1,200

400

8,700 By Expenses on Charity show