1.

From the following information, prepare Receipts and Payments Account of Long-town Sports Club for the year ending 31st March, 2019: Particulars (₹) Particulars (₹) Opening Balance: Charity Given 10,000 Cash in Hand 50,000 Match Expenses 30,000 Cash at bank 60,000 Salaries 63,600 Subscription Received: Honorarium 4,000 2017-18 4,000 12% Investment Purchased 60,000 2018-19 1,40,000 Entrance Fees 4,000 2019-20 8,000 Interest on 12% Investments 6,000 Furniture Purchased 70,000 Closing Balance: General Donations 20,000 Cash in Hand 24,000 Donations for Tournament 40,000 Cash at Bank ?

Answer» From the following information, prepare Receipts and Payments Account of Long-town Sports Club for the year ending 31st March, 2019:








































































Particulars

(₹)

Particulars

(₹)
Opening Balance: Charity Given 10,000
Cash in Hand 50,000 Match Expenses 30,000
Cash at bank 60,000 Salaries 63,600
Subscription Received: Honorarium 4,000
2017-18 4,000 12% Investment Purchased 60,000
2018-19 1,40,000 Entrance Fees 4,000
2019-20 8,000 Interest on 12% Investments 6,000
Furniture Purchased 70,000 Closing Balance:
General Donations 20,000 Cash in Hand 24,000
Donations for Tournament 40,000 Cash at Bank ?


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