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Question

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    


Solution

In the books of Railway Club

Dr.

Receipts and Payments A/c for the year ended 31st 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

       

Accountancy
TS Grewal Vol. I (2019)
All

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