Question

Mayiladuthurai Recreation Club gives you the following details. Prepare Receipts and Payments account for the year ended 31^st March, 2019.

Particulars	₹	Particulars	₹
Opening cash balance	15,000	Salary of watchman	12,000
Opening bank balance	25,000	Club annual day expenses	15,000
Donations received	48,000	Lighting charges	16,500
Sale of old equipment	26,000	Entertainment expenses	13,500
Refreshment charges	13,000	Billiards table purchased	5,000
Club annual day collections	18,000	Expenses of charity show	3,000
Construction of tennis court	7,000	Sale of investments	12,000
Receipts from charity show	4,000	Closing cash balance	12,000
Rent paid	1,000

Answer 1

Dr.	Mayiladuthurai Recreation Club Receipts and Payments Account for the year ending 31.3.19		Cr.
Receipts	₹	Payments	₹
To Balance b/d (Cash)	15,000	By Rent	1,000
To Balance b/d (Bank)	25,000	By Refreshment charges	13,000
To Donations received	48,000	By Construction of tennis court	7,000
To Sale of old equipment	26,000	By Salary of watchman	12,000
To Club annual day collections	18,000	By Club annual day expenses	15,000
To Receipts from charity show	4,000	By Lighting charges	16,500
To Sale of investments	12,000	By Entertainment expenses	13,500
		By Billiards table purchased	5,000
		By Expenses of charity show	3,000
		By Balance Cash	12,000
		By Balance Bank	50,000
	1,48,000		1,48,000