Question

From the following information, prepare the Receipts and Payments account of Cuddalore Kabaddi Association for the year ended 31^st March, 2019.

Particulars	₹	Particulars	₹
Opening cash balance (1.4.2018)	11,000	Interest and bank charges	250
Bank overdraft balance (1.4.2018)	20,000	Miscellaneous income	350
Stationery purchased	5,200	Upkeep of ground	550
Travelling expenses	1,800	Grant from Government	12,000
Dividend received	3,000	Telephone charges paid	2,800
General expenses	500	Endowment fund receipts	10,000
Admission fees	4,000	Insurance premium paid	2,000
Courier charges	2,000	Electricity charges paid	5,000
Municipal taxes paid	3,000	Closing cash balance (31.03.2019)	1,750

Answer 1

Dr.	Cuddalore Kabadi Association Receipts and Payments Account for the year ending 31.03.19		Cr.
Receipts	₹	Payments	₹
To Balance B/d (Cash)	11,000	By Bank overdraft	20,000
To Miscellaneous income	350	By Stationery purchased	5,200
To Grant from Government	12,000	By Travelling expenses	1,800
To Endowment fund receipts	10,000	By General expenses	500
To Dividend	3,000	By Courier charges	2,000
To Admission fees	4,000	By Municipal taxes	3,000
To Bank Overdraft	4,500	By Interest and bank charges	250
		By Upkeep of ground	550
		By Telephone charges	2,800
		By Insurance premium	2,000
		By Electricity charges	5,000
		By Balance c/d (Cash)	1,750
	44,850		44,850