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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Question no 6 Chapter 1 V K Publication class 12
6. From the information given below, draft the Receipts and Payments A/c of Lions Club, Delhi for the year ended March 31, 2018:
| Particulars | ₹ | Particulars | ₹ |
| Cash in Hand on 1.4.2017 | 4,400 | Salaries and Wages | 21,500 |
| Subscriptions | 37,600 | Honorarium to Secretary | 2,500 |
| Donation | 8,000 | Interest received on Investments | 2,950 |
| Entrance Fees | 4,300 | Printing and Stationery | 350 |
| Rent received from Club Hall | 5,250 | Petty Cash Payments | 900 |
| Electricity Charges | 3,440 | Insurance Premium Paid | 310 |
| Taxes | 500 | ||
Lions' Club, Delhi Receipts and Payments Account For the year ended 3 1st March, 2018
| Receipts | Amount | Payments | Amount | ||
|---|---|---|---|---|---|
| To Balance b/d | 4,400 | By Salaries and Wages | 21,500 | ||
| To Subscriptions | 37,600 | By Honorarium to Secretary | 2,500 | ||
| To Donations | 8,000 | By Printing and Stationery | 350 | ||
| To Entrance Fees | 4,300 | By Petty cash payments | 900 | ||
| To Rent from Club Hall | 5,250 | By Insurance Premium | 310 | ||
| To Interest on Investment | 2,950 | By Electricity charges | 3,410 | ||
| By Taxes | 500 | ||||
| By Balance c/d | 33,000 | ||||
| 62,500 | 62,500 | ||||
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: –
Students may choose only one part from the Part II and Part III
Part-II
Part-III
Chapter No. 2 - Theory Base of Accounting
Chapter No. 3 - Origin of Transactions
Chapter No. 4 - Vouchers and transactions
Chapter No. 6 - Accounting for Goods and Services Tax(GST)
Chapter No. 9 - Other Subsidiary Books
Chapter No. 10 - Journal Proper
Chapter No. 11 - Trial Balance
Chapter No. 12 - Bank Reconciliation Statement
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
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 "Question no 6 Chapter 1 V K Publication class 12", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Chapter No 01 - Accounting for Not for Profit Organisation.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
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