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प्रश्न
From the following information, prepare the Receipts and Payments account of Cuddalore Kabaddi Association for the year ended 31st 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 |
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उत्तर
| 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 | ||
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संबंधित प्रश्न
Fees paid by persons to become members of a ‘Not for Profit’ concern.
Select the most appropriate answer from the alternatives given below and rewrite the sentence.
Non-Cash items are not recorded in_____________
State whether the following statement is True or False.
There is no difference between Receipts and Payment Account and Income and Expenditure Account.
State whether the following statement is True or False with reasons.
Receipts and Payments Account contains only the transactions relating to the current year.
In Receipts and Payments Account the summary of _____ transactions are recorded.
Balance of receipts and payments account indicates the _________.
What is the nature of the Receipt and payment Account?
Assertion (A): The Subscription received during the year is recorded in the Receipts and Payments Account.
Reason (R): Receipts and Payments Account records all the cash transactions whether pertaining to the current year or the previous year.
The nature of Receipts and Payments Account is ______.
The Receipts and Payments Account is a summary of ______.
