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प्रश्न
From the information given below, prepare the Receipts and Payments account of Coimbatore Cricket Club for the year ending 31st March, 2019.
| Particulars | ₹ | ₹ | Particulars | ₹ |
| Bank overdraft (1.4.2018) | 6,000 | Honorarium paid | 2,800 | |
| Cash in hand (1.4.2018) | 1,000 | Water and electricity charges | 700 | |
| Wages paid for ground maintenance | 2,000 | Match expenses | 2,600 | |
| Subscription received: | Sports material purchased | 1,900 | ||
| Previous year | 500 | Match fund receipts | 5,200 | |
| Current year | 9,600 | Legacies received | 2,000 | |
| Subsequent year | 400 | 10,500 | Cash balance (31.03.2019) | 300 |
| Wages yet to be paid | 2,200 | Donation received for pavilion | 2,000 | |
| Interest on loan paid | 2,000 |
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उत्तर
| Dr. | Coimbatore Cricket Club Receipts and Payments Account for the year ending 31.03.19 | Cr. | ||
| Receipts | ₹ | Payments | ₹ | |
| To Balance b/d (Cash) | 1,000 | By Bank Overdraft | 6,000 | |
| To Subscription | 10,500 | By Wages Paid | 2,000 | |
| To Match Fund Receipts | 5,200 | By Interest on loan | 2,000 | |
| To Legacies Received | 2,000 | By Honorarium paid | 2,800 | |
| To Donation reced. | 2,000 | By Water and Elec. Charges | 700 | |
| By Match Exp. | 2,600 | |||
| By Sports Material purchased | 1,900 | |||
| By Balance c/d | ||||
| Cash | 300 | |||
| Bank | 2,400 | |||
| 20,700 | 20,700 | |||
APPEARS IN
संबंधित प्रश्न
Receipt and Payment account is a ______ account.
The closing balance of Receipts and Payments account usually represent _______.
Write the word/phrase/term, which can substitute the following sentence.
All such receipts which are non-recurring in nature and not forming a part a regular flow of income.
State whether the following statement is True or False with reasons.
Receipts and Payments Account contains only the transactions relating to the current year.
Receipts and payments account records receipts and payments of _____________.
Write the steps in ascending order of Conversion of a Receipt and Payment Account into an Income and Expenditure Account:
(i) Adjusting the revenue receipts on the debit side to include outstanding incomes and incomes relating to the current year received earlier and to exclude amounts received in arrears or in advance.
(ii) identifying and showing non-cash expenses and losses on the debit side of the Income and Expenditure Account.
(iii) computing and showing profits/losses from trading and/or social activities on the credit/debit side of the Income and Expenditure Account.
(iv) Ascertaining the surplus or deficit as the dosing balance of the Income and Expenditure Account.
(v) adjusting revenue payments on the credit side.
Consider the following statements,
Statement 1: "Receipt and Payment Account is a summary of all capital receipts and payments".
Statement 2: The Receipt and Payment Account is the summary of cash and bank transactions.
Consider the following statements
Statement 1 - "Receipt and Payment Account records the receipts and payments of revenue nature only".
Statement 2 - "Receipt and Payment Account records the receipts and payments of revenue nature and capital nature".
Receipts and Payments Account is a summary of ______.
The nature of Receipts and Payments Account is ______.
