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	5000
Cash at Bank	25000
Subscriptions	165000
Donations	35000
Investment Purchased	80000
Rent Paid	20000
General Expenses	21500
Postage and stationery	2000
Courier charges	1000
Sundry Expenses	2500
Closing Cash in Hand	12000

Answer 1

                            Books of Health Club
                     Receipt and Payment Account
Dr.                                                                 Cr.

Receipts		Amount (Rs)	Payments		Amount (Rs)
Balance b/d			Investment		80000
Cash in Hand	5000	30000	Rent		20000
Cash at Bank	25000		General Expenses		21500
Subscriptions		165000	Postage and Stationery		2000
Donations		35000	Courier Charges		1000
			Sundry Expenses		2500
			Balance c/d
			Cash in Hand	12000	103000
			Cast at Bank (Balancing Fig.)	91000
		230000			230000