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

Answer 1

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