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Que : 74. From the following informations prepare Receipt and Payment Account of D.B. Club for the year ending 31 Dec., 2018.

Cash Balance on 1-1-2018 - 20,000 Rs., Entrance fees 5,000 Rs., Paid Salary 2,000 Rs., Purchase of Books 5,000 Rs., Miscellaneous--- Expenses 2.500 Rs.

Answer:

:                                                   receipts and payments account

                                                     For the year ending 31 dec. 2018

          Receipts

To balance b/d (cash)to subscription

2015-16            2000

2016-17            162000

2017-17             2500   

To proceeds from charity show      

To entrance fees

To interest  on investment

To sale of old material

             Amount

 

 

 

 

16650

2000

 

6700

4800

 

1200

_______

214200

_____________

 

             Payments

By balance b/d (bank overdraft)

By investments

By furniture

By salaries

By stationery

By entertainment expenses

By miscellaneous ex.

By balance c/d

 Cash                      5500

 Bank                    31000

           Amount

31000

 

30000

14500

62000

8900

17100

 

14200

 

 

36500

_____________

214200

___________

 

 



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