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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

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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


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