From the information given below, prepare Receipts and Payments Account of Railway Club for the year ended 31st march, 2019:

(₹)

(₹)

Cash in Hand on 1st April, 2018 4,390 Salaries 21,500

Subscription 37,600 Honorarium to Secretary 2,500

Donations 8,000 Interest Received on Investments 2,950

Entrance Fees 4,300 Printing and Stationery 350

Rent Received for Club Halls 5,250 Petty Cash Expenses 900

Electricity Charges 3,440 Insurance Premium Paid 310

Taxes paid 490

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Solution

In the books of Railway Club

Dr.
Receipts and Payments A/c for the year ended 31^st March, 2019
Cr.

Receipts

Amount

(₹)

Payments

Amount

(₹)

To balance b/d
4,390
By Electricity Charges
3,440

To Subscriptions
37,600
By Taxes Paid
490

To Donations
8,000
By Salaries
21,500

To Entrance Fees
4,300
By Honorarium to Secretary
2,500

To Rent Received for Club Halls
5,250
By Printing and Stationery
350

To Interest Received on Investments
2,950
By Petty Cash Expenses
900

By Insurance Premium Paid
310

By balance c/d
33,000

62,490

62,490

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From the information given below, draft receipts and Payments Account of Friends club, Delhi, for the year ended March 31, 2013:
Cash on April 1, 2012 Rs 3,600, Subscriptions Rs 37,600, donations Rs 8000, Entrance Fees Rs 4,300, Rent Realized from club Hall Rs 5,250, Electric charges Rs 3,440, Taxes Rs 500, Salaries and wages Rs 21,500, Honorarium to secretary Rs 2,500, Interest Received on Investments Rs 2,950, Printing and Stationery Rs 350, Pretty cash Payments Rs 100, Insurance Premium Paid Rs 310.

Q. From the following information, prepare Receipts and Payments Account of Long-town Sports Club for the year ending 31st March, 2019:


Particulars	(₹)	Particulars	(₹)
Opening Balance:		Charity Given	10,000
Cash in Hand	50,000	Match Expenses	30,000
Cash at bank	60,000	Salaries	63,600
Subscription Received:		Honorarium	4,000
2017-18	4,000	12% Investment Purchased	60,000
2018-19	1,40,000	Entrance Fees	4,000
2019-20	8,000	Interest on 12% Investments	6,000
Furniture Purchased	70,000	Closing Balance:
General Donations	20,000	Cash in Hand	24,000
Donations for Tournament	40,000	Cash at Bank	?

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

Following is the Receipts and Payments Account of Queen's Club, Kolkata for the year ended 31st March, 2014 :

$\begin{matrix} Receipts & Rs & Payments & Rs Balance b/d (1-4-2013) & Rent, Rates & Taxes & 15, 000 Cash & 3, 600 & Advertisement & 2, 700 Current A/c with Bank & 7, 570 & Salaries & 27, 400 Subscriptions & 42, 200 & Insurance Premium & 1, 200 Entrance fees & 3, 800 & Electric Charges & 2, 500 Life Membership Fees & 6, 000 & Telephone Expenses & 2, 400 Interest on Investments & 200 & Furniture (Purchased on 1st October, 2013) & 8, 000 Balance c/d (31-3-2014): - Cash & 2, 400 Current A/c with Bank & 1, 770 ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 63, 370 - ------ - & ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 63, 370 - ------ - \end{matrix}$

Prepare Income and Expenditure A/c of the club for the year ended 31st March, 2014 and a Balance Sheet as at that date having due regard for the following information:

(1) Subscriptions Outstanding on 31st March 2013 4,000

Subscriptions Outstanding on 31st March, 2014 5,400

Subscriptions Received in advance on 31st March, 2013 1,500

Subscriptions Received in advance on 31st March, 2014 2,100

(2) Two months rent Rs 2,500 was due both at the beginning and end of the year.

(3) As on 31st March, 2013, Premises stood in the books at Rs 55,000 and Investments at Rs 20,000. Depreciate furniture by 10% p.a.

Q. The following information were obtained from the books of Delhi Club as on 31st March, 2019 at the end of the first year of the Club, prepare Receipts and Payment Account for the year ending 31st March, 2019:


Receipts	(₹)	Payments	(₹)
Donation for Building and Library Room	2,00,000	Purchase of Land	10,000
Entrance Fees	17,000	Purchase of Furniture	1,30,000
Subscription	19,000	Salaries	4,800
Lockers Rent	1,660	Maintenance of Play Grounds	1,000
Refreshment Receipts	16,000	Rent	8,000
Government Grant	25,000	Refreshment Payments	8,000
		Library Books	25,000
		Purchase of 90% Government Bonds	1,60,000
		Term Deposit with Bank	15,000

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	(₹)		(₹)
Cash in Hand on 1st April, 2018	4,390	Salaries	21,500
Subscription	37,600	Honorarium to Secretary	2,500
Donations	8,000	Interest Received on Investments	2,950
Entrance Fees	4,300	Printing and Stationery	350
Rent Received for Club Halls	5,250	Petty Cash Expenses	900
Electricity Charges	3,440	Insurance Premium Paid	310
Taxes paid	490

In the books of Railway Club
Dr.	Receipts and Payments A/c for the year ended 31^st March, 2019				Cr.
Receipts		Amount (₹)	Payments	Amount (₹)
To balance b/d		4,390	By Electricity Charges	3,440
To Subscriptions		37,600	By Taxes Paid	490
To Donations		8,000	By Salaries	21,500
To Entrance Fees		4,300	By Honorarium to Secretary	2,500
To Rent Received for Club Halls		5,250	By Printing and Stationery	350
To Interest Received on Investments		2,950	By Petty Cash Expenses	900
			By Insurance Premium Paid	310
			By balance c/d	33,000

		62,490		62,490