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

Question 3 Chapter 1 of +2-A

Question 3 Chapter 1 of +2-A

Free Accounting book Solution - Class 11 and Class 12

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

: – 

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

 

Not-for-Profit Organisations – Meaning and Overview

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

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)

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

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2 Book 1 min - Question 3 Chapter 1 of +2-A - T.S. Grewal 12 Class Part - A Vol. 1
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

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