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

Question 5 Chapter 1 of +2-A
Question No.5 - Chapter No.1 - T.S. Grewal +2 Book Part-A 2019-Solution-min-min

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Question 5 Chapter 1 of +2-A

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

Receipts
AmountPayments
Amount
Cash in Hand on 1st April 201850,000Newspapers and Magazines87,000
Cash at Bank on 1st April 20183,40,000Sale of Old Newspapers12,000
Subscriptions Received15,70,000Books Purchased3,40,000
Donation Received2,80,000Sports Materials Purchased4,70,000
Investment Purchased5,00,000Interest on Investment Received50,000
Rent Paid50,000Honorarium to Coaches1,50,000
General Expenses2,30,000Cash in Hand on 31st March 201930,000
Postage and Stationery25,000Cash in Hand on 31st March 201930,000

The solution of Question 5 Chapter 1 of +2-A: – 

 In the Books of Evergreen Club
Receipts and Payment A/c
Particulars
AmountParticulars
Amount
To Balance B/d By Investment A/c5,00,000
– Cash in Hand A/c50,000By Rent A/c50,000
– Cash at Bank3,40,000By General Expenses A/c2,30,000
To Subscription A/c15,70,000By Postage and Stationery A/c25,000
To General Donations A/c2,80,000By Newspapers and Magazines A/c87,000
To Scrap A/c12,000By Books A/c3,40,000
To Interest on Investments A/c50,000By Sports Materials A/c3,40,000
  By Honorarium to Coaches A/c1,50,000
  By Balance C/d 
  -Cash in Hand A/c30,000
  -Cash in Bank A/c4,20,000
 23,02,000 23,02,000

 

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)

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

+2 Book 1-min
Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms

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