Question 5 Chapter 1 of +2-A - T.S. Grewal 12 Class Part

Question 5 Chapter 1 of +2-A

Table of Contents

5. From the following particulars of Evergreen Club, prepare Receipts and Payments. Account for the year ended 31st March 2019:

Receipts	Amount	Payments	Amount
Cash in Hand on 1st April 2018	50,000	Newspapers and Magazines	87,000
Cash at Bank on 1st April 2018	3,40,000	Sale of Old Newspapers	12,000
Subscriptions Received	15,70,000	Books Purchased	3,40,000
Donation Received	2,80,000	Sports Materials Purchased	4,70,000
Investment Purchased	5,00,000	Interest on Investment Received	50,000
Rent Paid	50,000	Honorarium to Coaches	1,50,000
General Expenses	2,30,000	Cash in Hand on 31st March 2019	30,000
Postage and Stationery	25,000	Cash in Hand on 31st March 2019	30,000

In the Books of Evergreen Club
Receipts and Payment A/c
Particulars	Amount	Particulars	Amount
To Balance B/d		By Investment A/c	5,00,000
– Cash in Hand A/c	50,000	By Rent A/c	50,000
– Cash at Bank	3,40,000	By General Expenses A/c	2,30,000
To Subscription A/c	15,70,000	By Postage and Stationery A/c	25,000
To General Donations A/c	2,80,000	By Newspapers and Magazines A/c	87,000
To Scrap A/c	12,000	By Books A/c	3,40,000
To Interest on Investments A/c	50,000	By Sports Materials A/c	3,40,000
		By Honorarium to Coaches A/c	1,50,000
		By Balance C/d
		-Cash in Hand A/c	30,000
		-Cash in Bank A/c	4,20,000
	23,02,000		23,02,000

Not-for-Profit Organisations – Meaning and Overview

Thanks, Please Like and share with your friends

Comment if you have any questions.

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

Chapter No. 1 – Financial Statements of a Company
Chapter No. 2 – Financial Statement Analysis
Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
Chapter No. 4 – Accounting Ratios
Chapter No. 5 – Cash Flow Statement

Question 5 Chapter 1 of +2-A – T.S. Grewal 12 Class Part – A Vol. 1