Question no 5 Chapter 1 V K Publication class 12
5. From the following information, draft Receipts and Payments Account of Working Ladies Club, Delhi, for the year ended March 31, 2018:
Cash on 1st April, 2017 ₹ 880; Subscriptions ₹ 7,520: Donation ₹ 1,600; Entrance Fees ₹ 860; Rent realised from club hall ₹ 1,050; Electricity charges ₹ R488 Taxes ₹ 300; Depreciation ₹ 1,040; Salaries and Wages ₹ 4,300; Honorarium to Secretary ₹ 500; Interest received on Investment ₹ R590 Printing and Stationery ₹ 70; Petty Expenses ₹ 180; Insurance premium paid ₹ 62; Expenses unpaid this year ₹ 5,880; Purchase of Crockery ₹ 2,400; Surplus on Bar Account ₹ 3,000; IGST Refund ₹ 288; Maintenance Expenses ₹ 6,600.
The Solution of Question No 5 Chapter No 01 – V K Publications Class 12
Working Ladies Club, Delhi Receipts and Payments Account For the year ended 3 1st March, 2018 |
|||||
Receipts | Amount | Payments | Amount | ||
To Balance b/d | 880 | By Electricity Charges | 488 | ||
To Subscriptions | 7,520 | By Maintenance Expenses | 600 | ||
To Donations | 1,600 | By Purchase of Crockery | 2,400 | ||
To Entrance Fees | 860 | By Input IGST | 288 | ||
To Rent from Club Hall | 1,050 | By Taxes | 300 | ||
To Interest on Investment | 590 | By Salaries and Wages | 4,300 | ||
To Surplus on Bar | 3,000 | By Honorarium to Secretary | 500 | ||
To IGST Refund | 288 | ||||
15,788 | 15,788 |
Note: Expenses unpaid during the year and non-cash expenses like depreciation are not included Receipts and Payments Account
Thanks, Please Like and share with your friends
Comment if you have any Doubts.
Not-for-Profit Organisations – Meaning and Overview
What is Receipt and Payment account – format in Excel & PDF
What is Incomes and Expenditures Account – format in Excel & PDF
What is subscription in NPO – Treatments and Examples:
Also, Check out the solved question of all Chapters: –
Advertisement-X
Advanced Accountancy – Unimax Class 11 – 2021 – Solution.
Part-I
- Chapter No. 1 – Introduction of Accounting
- Chapter No. 2 – Theory Base of Accounting
- Chapter No. 3 – Vouchers and Transactions
- Chapter No. 4 – Journal
- Chapter No. 5 – Goods and Services Tax (GST): An Introduction
- Chapter No. 6 – Ledger
- Chapter No. 7 – Special Purpose Book – Cash Book
- Chapter No. 8 – Other Subsidiary Books
- Chapter No. 9 – Trial Balance
- Chapter No. 10 – Rectification of Errors
- Chapter No. 11 – Depreciation
- Chapter No. 12 – Provision and Reserves
- Chapter No. 13 – Bank Reconciliation Statement
- Chapter No. 14 – Bills of Exchange
Students may choose only one part from the Part II and Part III
Part-II
- Chapter No. 15 – Financial Statements (Without Adjustments)
- Chapter No. 16 – Financial Statements (With Adjustments)
- Chapter No. 17 – Accounts from Incomplete Records – Single Entry System
Part-III
- Chapter No. 18 – Introduction to Computers and Accounting information System
- Chapter No. 19 – Computerised Accounting
- Chapter No. 20 – Accounting Software: Tally
- Chapter No. 21 – Data Base System
- Chapter No. 22 – Concept of Entity and Relationship
Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
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)
Advertisement-X
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)
Advertisement-X
Chapter No. 18 – Financial Statements – (With Adjustments)
Check out V. K. Publication Class 12 @ Oficial Website of V. K. Publication
Leave a Reply