Question

To Proceeds from Entertainme
(2) Half
Receipts
(3) Subscription outstanding 12
Q. 35. The following is the receipts and payments account of the Raasben
Su
Payments
3
10.95
To Balance bd
To Subscription ;
2015-16
2016-17
2017-18
To Donations
4293
25.000
2.000
5.400
4,896
To Sale of Newspapers
a
2
Society for the year ending 31st March, 2020:
₹
Receipts
3,000 By Honorarium to Clerk
To Balance bd
By Cost of Car
To Subscriptions :
By Car Expenses
600
Arrear
By Building advance
70,000
Current
Advance
500 71,100 By Charities
To Donations
17,500 By Meeting Expenses
To Entrance Fees
15.000 By Electricity
To Endowment Fund Receipts
14,000 By Medicines etc.
To Life Membership Fees
6,000 By Investments
To Rent of the Hall
8,700 By Expenses on Charity show
To Grant from local authority
4,000 By Insurance Premium
To Proceeds of charity show
16,800 By Balance c d
To Sundries
1.200
To Interest on Investments
2,700
1.60,000
89
20.000
6.200
1,200
400
Prepare Income and
and the Balance Sheet a
account:
1,60,000
a
Additional Information:
(1) There are 600 members each paying a monthly subscription of 10; 7800
being in arrear for 2018-19 at the beginning of the year.
(ii) A donation of 32,500 was wrongly included in subscriptions of the current
year.
(iii) Entire Donation and 2/3 of Entrance fee are to be capitalised.
(iv) Insurance Premium was paid in advance for three months.
(v) Interest on Investments 3300 though accrued was not actually received.
(vi) A bill of medicine purchased during the year amounting to 3200 was
outstanding.
(vii) Gujarati cultural association owed 32,000 for the use of society hall.
You are required to prepare an Income
(a) There are 500 m
is still in artear
(6) 1,000 for sala
(c) Building stand
depreciation
(d) Interest on In
[Ans. Opening
321,150; Total of Ba
Hint: Subscriptio
z from the
Ambala, prepare an
and a Balance Shee
Receir
Cash in hand (1-4-2
Subscriptions :
for 2018-19
for 2019-20​

Answer 1

Answer:

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