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

Answer 1

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