Question

From the following particulars of Evergreen club, prepare Receipts and payments Account for the year ended 31^st March,2018:

		₹		₹
Cash in Hand on 1st April,2017 Cash at Bank on 1st April,2017 Subscriptions Received Donations Received Investments purchased Rent paid General Expenses Postage and stationery		50,000 3,40,000 15,70,000 2,80,000 5,00,000 50,000 2,30,000 25,000	Newspaper and Magazines Sale of Old Newspaper Books purchased Sports Materials Purchased Interest on Investments Received Honorarium to coaches Cash in Hand on 31st March,2018 Cash at Bank on 31 st March ,2018	87,000 12,000 3,40,000 4,70,000 50,000 1,50,000 30,000 ​?

Answer 1

Books of Evergreen Club
Receipts and Payments Account for the year ended March 31, 2018
Dr.							Cr.
Receipts			Amount (Rs)	Payments		Amount (Rs)
Balance b/d				Investments Purchased		5,00,000
Cash in Hand		50,000		Rent Paid		50,000
Cash at Bank		3,40,000	3,90,000	General Expenses		2,30,000
Subscription Received			15,70,000	Postage and Stationery		25,000
Donation Received			2,80,000	Newspapers and Magazines		87,000
Sale of Old Newspapers			12,000	Books Purchased		3,40,000
Interest on Investments Received			50,000	Sports Material Purchased		4,70,000
				Honorarium to Coacher		1,50,000
				Balance c/d
				Cash in Hand	30000
				Cash at Bank (Balancing Figure)	4,20000	4,50,000
			23,02,000			23,02,000