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

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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    
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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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  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
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

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    

How would you treat the following item in the case of a 'not-for-profit' organization?

"Tournament Fund Rs.40.000. Tournament Expenses Rs.14.000. Receipts from Tournament Rs.16.000."


Complete the following sentence.

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


Pick the odd one out:


Identity the type of fund stated below:

'Himanshu Club has a fund which can only be used for the distribution of prizes.'


Sports expenses ₹ 27,000 (excluding ₹ 7,000 unpaid expenses). The amount to be credited to Receipts and Payments Account will be:


A donation received for a special purpose is a ______


The Receipts and Payments Account is a summary of ______.


If a general donation of smaller amount is received by a school, that donation will be shown on ______.


Find the incorrect pair from group A and B.


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