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प्रश्न
From the information given below, prepare the Receipts and Payments account of Madurai Mother Theresa Mahalir Mandram for the year ended 31st December, 2018.
| Particulars | ₹ | Particulars | ₹ |
| Cash balance as on 1.1.2018 | 2,000 | Fire Insurance premium paid | 1,500 |
| Bank balance as on 1.1.2018 | 3,000 | Subscription received | 8,500 |
| Sale of old newspapers | 500 | Furniture purchased | 6,000 |
| Stationery purchased | 6,000 | Purchase of newspapers | 700 |
| Audit fees paid | 2,000 | Depreciation on furniture | 900 |
| Entrance fees received | 3,000 | Cash balance as on 31.12.2018 | 2,500 |
| Sundry charges | 6,000 | Conveyance paid | 1,000 |
| Scholarships given | 2,000 | Sale of furniture | 4,000 |
| Interest on investments | 2,000 |
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उत्तर
| Dr. | Madurai Mother Theresa Mahalir Mandram Receipts and Payments Account for the year ending 31.12.18 | Cr. | |
| Receipts | ₹ | Payments | ₹ |
| To Balance B/d | By Stationery purchased | 6,000 | |
| Cash | 2,000 | By Audit fees paid | 2,000 |
| Bank | 3,000 | By Sundry charges | 6,000 |
| To Sale of Newspaper | 500 | By Scholarships | 2,000 |
| To Entrance Fees | 3,000 | By Fire Insurance Premium | 1,500 |
| To Interest on Investment | 2,000 | By Furniture Purchases | 6,000 |
| To Subscription received | 8,500 | By Purchase of Newspaper | 700 |
| To Sale of furniture | 4,000 | By Conveyance Paid | 1,000 |
| To Balance Bank (O/D) | 4,700 | By Balance c/d (Cash) | 2,500 |
| 27,700 | 27,700 | ||
APPEARS IN
संबंधित प्रश्न
Donation for Scholarship Fund is ______.
Write the word/phrase/term, which can substitute the following sentence.
Accounts which records only cash transactions in case of Not for Profit Concern.
In Receipts and Payments Account the summary of _____ transactions are recorded.
Life membership fees are treated as which type of receipt and is directly credited to the capital fund?
Fund Based Accounting is classified under:
(i) Unrestricted funds
(ii) Fixed assets funds
(iii) Restricted funds
(iv) Annuity funds
Subscription received by a school for organising annual function is treated as ______.
Out of the following items, which one is shown in the Receipts and Payments Account?
Features of Income and Expenditure are:
(i) No opening or closing balance
(ii) Prepared on an accrual basis
(iii) Records only Revenue Items
(iv) Relevant only to the current year
From the following Receipts and Payments Account of Bharati Vidyapeeth College, Kolhapur for the year ending 31st March, 2019 and additional information, Prepare Income and Expenditure Account for the year ended 31st March, 2019 and a Balance Sheet as on that date.
| Dr. | Receipts and payment Account for the year ended 31st March, 2019 |
Cr. | |
| Receipts | Amount ₹ | Payments | Amount ₹ |
| To Balance b/d: | By Salaries to: | ||
| Cash | 12,000 | Teaching Staff | 15,00,000 |
| Bank | 2,00,000 | Office Staff | 8,55,000 |
| To Interest | 60,000 | By Printing & Stationery | 27,000 |
| To Donation | 7,00,000 | By Books | 88,000 |
| To Tuition Fees | 15,00,000 | By Furniture (Purchased on 1-1-2019) | 78,000 |
| To Admission Fees | 65,000 | By Drama Expenses | 90,000 |
| To Term Fees | 4,00,000 | By Postage | 7,000 |
| To Drama Receipts | 1.00,000 | By Telephone Charges | 6,000 |
| To Rent from use of Hall | 6,000 | By Electricity | 61,000 |
| To Legacies (Capital) | 60,000 | By Magazines and Newspaper | 6,500 |
| By Balance c/d : | |||
| Cash | 62,000 | ||
| Bank | 3,23,000 | ||
| 31,03,000 | 31,03,000 | ||
Additional information:
| Particulars | 01.04.2018 | 31.03.2019 |
| Books | 9,00,000 | 8,88,000 |
| Furniture | 3.26.000 | 3,00,000 |
| Building Fund | 8,27,000 | ? |
| Capital Fund | 6,11,000 | ? |
- 60 % Donations are for Building Fund and Balance is to be treated as Revenue Income.
- Outstanding Office Staff Salaries ₹ 70,000
Mumbai University prepares ______ Account instead of a Profit and Loss account.
