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Question 3 Chapter 1 of +2-A
3. The following information was 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 Payments Account for the year ending 31st March 2019
| Receipts |
Amount | Payments |
Amount |
|---|---|---|---|
| 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 9% Government Bonds | 1,60,000 | ||
| Term Deposit with Bank | 15,000 |
In the Books of Bengal Cricket Club
| Receipts and Payment A/c |
|||
| Particulars |
Amount | Particulars |
Amount |
|---|---|---|---|
| To Donation for Building and Library room A/c | 2,00,000 | By Purchase of Land A/c | 10,000 |
| To Entrance fees A/c | 17,000 | By Purchase of Furniture A/c | 1,30,000 |
| To Subscription A/c | 19,000 | By Salaries A/c | 4,800 |
| To Lockers Rent A/c | 1,660 | By Maintenance of Play Grounds A/c | 1,000 |
| To Refreshment Receipts A/c | 16,000 | By Rent A/c | 8,000 |
| To Government Grant A/c | 25,000 | By Refreshment Payments A/c | 8,000 |
| By Library Books A/c | 25,000 | ||
| By Balance c/d | 17,000 | ||
| By Purchase of 9% Government Bonds A/c | 1,60,000 | ||
| By Term Deposit with Bank A/c | 15,000 | ||
| To Balance C/d | 83,140 | ||
| 2,78,660 | 2,78,660 | ||
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Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Q.No.3 | Chapter 1 – Financial Statements of Not-for-Profit Organisations | T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to T.S. Grewal 12 Class Book Keeping Part - A - Vol. 1.
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