Question 3 Chapter 1 of +2-A - T.S. Grewal 12 Class Part

Question 3 Chapter 1 of +2-A

Table of Contents

The solution of Question 3 Chapter 1 of +2-A

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

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

The solution of Question 3 Chapter 1 of +2-A

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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