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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Solution

In the books of Delhi Club

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

Receipts

Amount

(₹)

Payments

Amount

(₹)

To Donation for Building and Library Room
2,00,000
By Purchase of Land
10,000

To Entrance Fees
17,000
By Purchase of Furniture
1,30,000

To Subscription
19,000
By Salaries
4,800

To Lockers Rent
1,660
By Maintenance of Play Grounds
1,000

To Refreshment Receipts
16,000
By Rent
8,000

To Government Grant
25,000
By Refreshment Payments
8,000

To balance c/d
83,140
By Library Books
25,000

By Purchase of 9% Government Bonds
1,60,000

By Term Deposit with Bank
15,000

3,61,800

3,61,800

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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 Receipt and Payment Account prepare final accounts of a Unity Club for the year ended March 31, 2007.

Receipt and Payment Accounts for the year ending March 31, 2007
Receipts		Amount Rs	Payments	Amount Rs
Balance b/d		15,000	Furniture	18,000
Sale of Old furniture (costing Rs 6,000)		4,000	Library books	10,000
Subscriptions:			Salaries	72,000
2005–06	18,000		General expenses	18,000
2006–07	60,000		Electric charges	12,000
2007–08	2,000	90,000	Newspapers	33,800
Sale of old newspapers		10,800	Postage	3,000
Profit from entertainment		44,000	Stationery	40,000
Rent		84,000	Audit fee	8,000
			Balance c/d	33,000
		2,47,800		2,47,800

Balance Sheet as on March 31, 2006
Liabilities	Amount Rs	Assets	Amount Rs
Outstanding Salary	6,000	Cash	15,000
Capital Fund	6,94,000	Outstanding subscription	18,000
		Library Books	30,000
		Furniture	37,000
		Land and Building	6,00,000
	7,00,000		7,00,000

Additional Information:

1.	The Club had 500 members each paying an annual subscription of Rs 150.
2.	On 31.3.2007 salaries outstanding amounted to Rs 1,200 and salaries paid included Rs 6,000 for the year 2005–06.
3.	Provide 5% depreciation on Land and Building.

The following is the receipts and payments account of Appollo Hospital, for the year ended 31st March, 2015 :

Receipts and Payments
$\begin{matrix} Receipts & Rs & Payments & Rs Balance b/d & 8, 500 & Payment for medicines & 33, 000 Subscriptions & 48, 000 & Fees to Doctors & 24, 000 Donations & 15, 000 & Salaries & 27, 000 Interest on Investments & Equipment Purchased & 15, 000 at 9 % p.a. for the year & 9, 000 & Charity show expenses & 4, 000 Proceeds from Charity show & 12, 000 & Sundry Expenses & 1, 200 Grant in aid & 20, 000 & Balance c/d & 8, 300 ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 1, 12, 500 - -------- - & ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 1, 12, 500 - -------- - \end{matrix}$

Other Information :

1-4-2014 31-3-2015

Rs Rs

(a) Subscriptions due 500 1,000

(b) Subscriptions received in Advance 1,000 500

(d) Amount due to medicine suppliers 8,000 12,000

(e) Value of Equipments 25,000 33,000

(f) Value of Buildings 70,000 65,000

You are required to prepare : -

(i) Income and Expenditure Account for the year ended 31st March, 2015, and

(ii) Balance Sheet as at that date.

From the following Receipt and Payment Account of Jan Kalyan Club, prepare Income and Expenditure Account and Balance Sheet for the year ending March 31, 2017.

Receipt and Payment Account for the year ending March 31, 2017
Receipts	Amount Rs	Payments	Amount Rs
Cash in hand as on 1.4.16	6,800	Salaries	24,000
Subscription	60,200	Traveling Expenses	6,000
Donation	3,000	Stationery	2,300
Sale of furniture (Book value Rs 6000)	4,000	Rent	16,000
Entrance fee	800	Repair	700
Life membership fee	7,000	Books purchased	6,000
Interest on investment (@ 5% for full year)	5,000	Building purchased	30,000
		Cash in hand as 31.3.2017	1,800

	86,800		86,800

Additional Information:

		As on 1.04.2016	As on 31.03.2017
(i)	Subscription received in advance	1,000	3,200
(ii)	Outstanding subscription	2,000	3,700
(iii)	Stock of stationery	1,200	800
(iv)	Books	13,500	16,500
(v)	Furniture	16,000	8,000
(vi)	Outstanding rent	1,000	2,000

From the following Receipt and Payment Account prepare final accounts of a Unity Club for the year ended March 31, 2017.

Receipt and Payment Accounts for the year ending March 31, 2017
Receipts		Amount Rs	Payments	Amount Rs
Balance b/d		15,000	Furniture	18,000
Sale of Old furniture (costing Rs 6,000)		4,000	Library books	10,000
Subscriptions:			Salaries	72,000
2015–16	18,000		General expenses	18,000
2016–17	60,000		Electric charges	12,000
2017–18	12,000	90,000	Newspapers	33,800
Sale of old newspapers		10,800	Postage	3,000
Profit from entertainment		44,000	Stationery	40,000
Rent		84,000	Audit fee	8,000
			Balance c/d	33,000
		2,47,800		2,47,800

Balance Sheet as on March 31, 2016
Liabilities	Amount Rs	Assets	Amount Rs
Outstanding Salary	6,000	Cash	15,000
Capital Fund	6,94,000	Outstanding subscription	18,000
		Library Books	30,000
		Furniture	37,000
		Land and Building	6,00,000
	7,00,000		7,00,000

Additional Information:

1.	The Club had 500 members each paying an annual subscription of Rs 150.
2.	On 31.3.2016 salaries outstanding amounted to Rs 1,200 and salaries paid included Rs 6,000 for the year 2015–16.
3.	Provide 5% depreciation on Land and Building.

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In the books of Delhi Club
Dr.	Receipts and Payments A/c for the year ended 31^st March, 2019				Cr.
Receipts		Amount (₹)	Payments	Amount (₹)
To Donation for Building and Library Room		2,00,000	By Purchase of Land	10,000
To Entrance Fees		17,000	By Purchase of Furniture	1,30,000
To Subscription		19,000	By Salaries	4,800
To Lockers Rent		1,660	By Maintenance of Play Grounds	1,000
To Refreshment Receipts		16,000	By Rent	8,000
To Government Grant		25,000	By Refreshment Payments	8,000
To balance c/d		83,140	By Library Books	25,000
			By Purchase of 9% Government Bonds	1,60,000
			By Term Deposit with Bank	15,000

		3,61,800		3,61,800