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Question no 5 Chapter 1 V K Publication class 12

Question no 5 Chapter 1 V K Publication class 12
Question no 5 Chapter 1 V K Publication class 12

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Question no 5 Chapter 1 V K Publication class 12

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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
ReceiptsAmountPaymentsAmount
To Balance b/d 880By Electricity Charges 488
To Subscriptions 7,520By Maintenance Expenses 600
To Donations 1,600By Purchase of Crockery 2,400
To Entrance Fees 860By Input IGST 288
To Rent from Club Hall 1,050By Taxes 300
To Interest on Investment 590By Salaries and Wages 4,300
To Surplus on Bar 3,000By 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

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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: –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

Students may choose only one part from the Part II and Part III

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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. 1 – Introduction

Chapter No. 2 – Theory Base of Accounting 

Chapter No. 3 – Origin of Transactions

Chapter No. 4 – Vouchers and transactions

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Chapter No. 5 – Journal

Chapter No. 6 – Accounting for Goods and Services Tax(GST)

Chapter No. 7 – Ledger

Chapter No. 8 – Cash Book

Chapter No. 9 – Other Subsidiary Books

Chapter No. 10 – Journal Proper

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Chapter No. 11 – Trial Balance

Chapter No. 12 – Bank Reconciliation Statement

Chapter No. 13 – Depreciation

Chapter No. 14 – Provisions and Reserves 

Chapter No. 15 – Bills of Exchange

Chapter No. 16 – Rectification of Errors 

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Chapter No. 17 – Financial Statements – (Without Adjustments)

Chapter No. 18 – Financial Statements – (With Adjustments)

Check out V.  K. Publication Class 12 @ Oficial Website of V. K. Publication

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