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

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प्रश्न

Mayiladuthurai Recreation Club gives you the following details. Prepare Receipts and Payments account for the year ended 31st 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    
खातेवही
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उत्तर

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
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पाठ 2: Accounts of not–for–profit organisation - Exercises [पृष्ठ ७२]

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सामाचीर कलवी Accountancy [English] Class 12 TN Board
पाठ 2 Accounts of not–for–profit organisation
Exercises | Q IV 4. | पृष्ठ ७२

संबंधित प्रश्‍न

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.


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

Complete the following sentence.

"______ donations are to be utilized to promote the general purpose of the organization".


The nature of Receipts and Payments Account is ______.


A donation received for a special purpose is a ______


Subscription received by a school for organising annual function is treated as ______.


The amount received from the sale of grass by a club should be treated as ______


Out of the following items, which one is shown in the Receipts and Payments Account?


Find the incorrect pair from group A and B.


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