Question

The following information were obtained from the books of Delhi Club as on 31st March, 2019 at the end of the first year of the Club, prepare Receipts and Payment Account for the year ending 31st March, 2019:

Receipts		(₹)	Payments	(₹)
Donation for Building and Library Room		2,00,000	Purchase of Land	10,000
Entrance Fees		17,000	Purchase of Furniture	1,30,000
Subscription		19,000	Salaries	4,800
Lockers Rent		1,660	Maintenance of Play Grounds	1,000
Refreshment Receipts		16,000	Rent	8,000
Government Grant		25,000	Refreshment Payments	8,000
			Library Books	25,000
			Purchase of 90% Government Bonds	1,60,000
			Term Deposit with Bank	15,000

Answer 1

In the books of Delhi Club
Dr.	Receipts and Payments A/c for the year ended 31st March, 2019				Cr.
Receipts		Amount (₹)	Payments	Amount (₹)
To Donation for Building and Library Room		2,00,000	By Purchase of Land	10,000
To Entrance Fees		17,000	By Purchase of Furniture	1,30,000
To Subscription		19,000	By Salaries	4,800
To Lockers Rent		1,660	By Maintenance of Play Grounds	1,000
To Refreshment Receipts		16,000	By Rent	8,000
To Government Grant		25,000	By Refreshment Payments	8,000
To balance c/d		83,140	By Library Books	25,000
			By Purchase of 9% Government Bonds	1,60,000
			By Term Deposit with Bank	15,000
		3,61,800		3,61,800