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How the following items will appear in the final accounts of a club for the year ending 31st March 2019?

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प्रश्न

How the following items will appear in the final accounts of a club for the year ending 31st March 2019?

Dr. Receipts and Payments Account for the year ended 31st March, 2019 Cr.
Receipts ₹ ₹ Payments ₹
To Subscription        
2017 - 2018 10,000      
2018 - 2019 50,000      
2019 - 2020 5,000 65,000    
         

There are 200 members in the club each paying an annual subscription of ₹ 400 per annum. Subscription still outstanding for the year 2017 - 2018 is ₹ 2,000.

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उत्तर

Dr. Income and Expenditure Account for the year ended 31.03.2019 Cr.
Expenses ₹ Income ₹ ₹
    By Subscription 50,000  
    (+) Outstanding 30,000 80,000

Balance Sheet as on 31.03.19

Liabilities ₹ ₹ Assets ₹ ₹
Subscription received in Advance   5,000 Outstanding Subscription    
      2017 2,000  
      2018 30,000 32,000
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  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 2: Accounts of not–for–profit organisation - Exercises [पृष्ठ ७४]

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सामाचीर कलवी Accountancy [English] Class 12 TN Board
अध्याय 2 Accounts of not–for–profit organisation
Exercises | Q IV 9. | पृष्ठ ७४
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