Question

From the following particulars of Evergreen club, prepare Receipts and payments Account for the year ended 31^st March,2019: 

		(₹)		(₹)
Cash in Hand on 1st April,2018		50,000	Newspaper and Magazines	87,000
Cash at Bank on 1st April,2018		3,40,000	Sale of Old Newspaper	12,000
Subscriptions Received		15,70,000	Books Purchased	3,40,000
Donations Received		2,80,000	Sports Materials Purchased	4,70,000
Investments purchased		5,00,000	Interest on Investments Received	50,000
Rent paid		50,000	Honorarium to coaches	1,50,000
General Expenses		2,30,000	Cash in Hand on 31st March,2019	30,000
Postage and stationery		25,000	Cash at Bank on 31st March ,2019	​?

Answer 1

Books of Evergreen Club
Receipts and Payments Account for the year ended March 31, 2019
Dr.							Cr.
Receipts			Amount (₹)	Payments		Amount (₹)
Balance b/d				Investments Purchased		5,00,000
Cash in Hand		50,000		Rent Paid		50,000
Cash at Bank		3,40,000	3,90,000	General Expenses		2,30,000
Subscription Received			15,70,000	Postage and Stationery		25,000
Donation Received			2,80,000	Newspapers and Magazines		87,000
Sale of Old Newspapers			12,000	Books Purchased		3,40,000
Interest on Investments Received			50,000	Sports Material Purchased		4,70,000
				Honorarium to Coacher		1,50,000
				Balance c/d
				Cash in Hand	30000
				Cash at Bank (Balancing Figure)	4,20000	4,50,000
			23,02,000			23,02,000