CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon


Question

From the following particulars taken from the Cash Book of a health club, prepare a Receipts and Payments Account.

 

Particulars

Rs

Opening balance:

 

Cash in Hand

5,000

Cash at Bank

25,000

Subscriptions

1,65,000

Donations

35,000

Investment Purchased

80,000

Rent Paid

20,000

General Expenses

21,500

Postage and stationery

2,000

Courier charges

1,000

Sundry Expenses

2,500

Closing Cash in Hand

12,000

 

 


Solution

Books of Health Club

 

Receipt and Payment Account

Dr.

 

Cr.

Receipts

Amount

Rs

Payments

Amount

Rs

Balance b/d

 

Investment

80,000

Cash in Hand

5,000

 

Rent

20,000

Cash at Bank

25,000

30,000

General Expenses

21,500

Subscriptions

1,65,000

Postage and Stationery

2,000

Donations

35,000

Courier Charges

1,000

 

 

Sundry Expenses

2,500

 

 

Balance c/d

 

 

 

Cash in Hand

12,000

 

 

 

Cast at Bank

91,000

1,03,000

 

 

(Balancing figure)

 

 

2,30,000

 

2,30,000

 

 

 

 

 

 


Accountancy
Partnership Accounts
Standard XII

Suggest Corrections
thumbs-up
 
0


similar_icon
Similar questions
View More


similar_icon
Same exercise questions
View More



footer-image