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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
State whether the following statement is True or False with reasons.
There is no difference between Receipts and Payments Account and Income and Expenditure Account.
State whether the following statement is True or False with reasons.
Receipts and Payments Accounts do not have any opening balance.
Find odd one:
Balance of receipts and payments account indicates the _________.
What is receipts and payments account?
From the following Receipts and Payments Account and additional information provided by Ramanath Club, Prepare Income and Expenditure Account for the year ending on 31st March 2021.
| Receipts and Payments Account for the year ending 31st March, 2021 | ||||
| Receipts | Amount (₹) | Payments | Amount(₹) | |
| To Balance b/d | 48,000 | By Salaries and Wages: | ||
| To Subscription | 95,000 | 2019-20 | 10,600 | |
| To Entrance Fee | 1,56,000 | 2020-21 | 1,03,200 | 1,13,800 |
| To Locker rent | 50,000 | By Sundry expenses | 47,000 | |
| To Interest on 8% govt. Securities | 5,400 | By Refreshment expenses | 60,400 | |
| To Revenue from refreshment | 52,000 | By Telephone bill | 5,000 | |
| To Sale of old newspapers | 4,600 | By Rent & Rates | 24,000 | |
| To Sale of furniture (Book value: ₹ 11,000) | 12,000 | By Library Book | 25,000 | |
| By 8% Govt. Securities | 30,000 | |||
| By Honorarium to Secretary | 5,000 | |||
| By Balance c/d | 1,12,800 | |||
| 4,23,000 | 4,23,000 | |||
Additional Information:
- Subscription received during the year includes ₹ 25,000 as donation for Building.
- Telephone bill unpaid as on March 31, 2020, was ₹ 4,000 and on March 31, 2021, ₹ 2,600.
- Value of 8% Government Securities on March 31, 2020, was ₹ 80,000.
- Additional Government Securities worth ₹ 30,000 were purchased on March 31, 2021.
Complete the following sentence.
"______ donations are to be utilized to promote the general purpose of the organization".
Amount received from 'Special Contribution for Silver Jubilee' by a club should be treated as:
Which of the following is not a capital receipt?
Out of the following items, which one is shown in the Receipts and Payments Account?
