Question no 5 Chapter 1 V K Publication class 12

Question no 5 Chapter 1 V K Publication class 12

5. From the following information, draft Receipts and Payments Account of Working Ladies Club, Delhi, for the year ended March 31, 2018:
Cash on 1st April, 2017 ₹ 880; Subscriptions ₹ 7,520: Donation ₹ 1,600; Entrance Fees ₹ 860; Rent realised from club hall ₹ 1,050; Electricity charges ₹ R488 Taxes ₹ 300; Depreciation ₹ 1,040; Salaries and Wages ₹ 4,300; Honorarium to Secretary ₹ 500; Interest received on Investment ₹ R590 Printing and Stationery ₹ 70; Petty Expenses ₹ 180; Insurance premium paid ₹ 62; Expenses unpaid this year ₹ 5,880; Purchase of Crockery ₹ 2,400; Surplus on Bar Account ₹ 3,000; IGST Refund ₹ 288; Maintenance Expenses ₹ 6,600.

The Solution of Question No 5 Chapter No 01 - V K Publications Class 12

Working Ladies Club, Delhi Receipts and Payments Account For the year ended 3 1st March, 2018

Receipts		Amount	Payments		Amount
To Balance b/d		880	By Electricity Charges		488
To Subscriptions		7,520	By Maintenance Expenses		600
To Donations		1,600	By Purchase of Crockery		2,400
To Entrance Fees		860	By Input IGST		288
To Rent from Club Hall		1,050	By Taxes		300
To Interest on Investment		590	By Salaries and Wages		4,300
To Surplus on Bar		3,000	By Honorarium to Secretary		500
To IGST Refund		288
		15,788			15,788

Note: Expenses unpaid during the year and non-cash expenses like depreciation are not included Receipts and Payments Account

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Also, Check out the solved question of all Chapters: –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

• Chapter No. 1 - Introduction of Accounting
• Chapter No. 2 - Theory Base of Accounting
• Chapter No. 3 - Vouchers and Transactions
• Chapter No. 4 - Journal
• Chapter No. 5 - Goods and Services Tax (GST): An Introduction
• Chapter No. 6 - Ledger
• Chapter No. 7 - Special Purpose Book -  Cash Book
• Chapter No. 8 - Other Subsidiary Books 
• Chapter No. 9 - Trial Balance 
• Chapter No. 10 - Rectification of Errors
• Chapter No. 11 - Depreciation
• Chapter No. 12 - Provision and Reserves
• Chapter No. 13 - Bank Reconciliation Statement
• Chapter No. 14 - Bills of Exchange 

Students may choose only one part from the Part II and Part III

Part-II

• Chapter No. 15 - Financial Statements (Without Adjustments)
• Chapter No. 16 - Financial Statements (With Adjustments)
• Chapter No. 17 - Accounts from Incomplete Records -  Single Entry System

Part-III

• Chapter No. 18 - Introduction to Computers and Accounting information System
• Chapter No. 19 - Computerised Accounting
• Chapter No. 20 - Accounting Software: Tally 
• Chapter No. 21 - Data Base System
• Chapter No. 22 - Concept of Entity and Relationship 

Usha Publication - Elements of Book-Keeping PSEB (Class 11) - Solution

Chapter No. 1 - Introduction

Chapter No. 2 - Theory Base of Accounting 

Chapter No. 3 - Origin of Transactions

Chapter No. 4 - Vouchers and transactions

Chapter No. 5 - Journal

Chapter No. 6 - Accounting for Goods and Services Tax(GST)

Chapter No. 7 - Ledger

Chapter No. 8 - Cash Book

Chapter No. 9 - Other Subsidiary Books

Chapter No. 10 - Journal Proper

Chapter No. 11 - Trial Balance

Chapter No. 12 - Bank Reconciliation Statement

Chapter No. 13 - Depreciation

Chapter No. 14 - Provisions and Reserves 

Chapter No. 15 - Bills of Exchange

Chapter No. 16 - Rectification of Errors 

Chapter No. 17 - Financial Statements - (Without Adjustments)

Chapter No. 18 - Financial Statements - (With Adjustments)

Check out V.  K. Publication Class 12 @ Oficial Website of V. K. Publication