Q.6 From the following Balance Sheet & Receipt and Payment A/c of Malad Sports Club, PrepareIncome and Expenditure A/c for the year ended 31st March, 2020 and Balance Sheet as on that date. [12] Balance Sheet as on 1st April, 2019Liabilities Amount (₹)Assets Amount(₹)Capital Fund Building FundOutstanding Salary2,37,00050,0001,8002,88,800BuildingFurnitureStock of Sports MaterialOutstanding SubscriptionCash in HandCash at Bank2,00,00040,00010,0001,5002,40034,9002,88,800Receipt and Payment Account for the year ending 31st March, 2020Receipts Amount (₹)Payments Amount (₹)To Balance b/d CashBank2,40034,900By SalariesBy Furniture (Purchased on 01.10.2019)By Sports Material Purchased35,30010,0008,400To Subscription By Honorarium to Secretary 4,2002018-19 1,0002019-20 48,0002020-21 2,000 51,000By Tennis Tournament ExpenseBy Balance c/dCash16,0004,600To Donations 20,000 Bank 57,800To Tennis Tournament Receipts 28,0001,36,300 1,36,300Additional Information : 1. The Club had 100 Members, each paying ₹500 as annual subscription.2. Furniture to be depreciated at 20% p.a.3. Salaries include ₹1,800 paid for the year 2018-19.Salaries payable for the year 2019-20 were ₹1,000.4. 50% Donations are for Building Fund and the balance is to be treated as revenue income.5. Stock of Sports material as on 31st March 2020 was ₹5,000.

Q.6 From the following Balance Sheet & Receipt and Payment A/c of Mala

1.	Q.6 From the following Balance Sheet & Receipt and Payment A/c of Malad Sports Club, PrepareIncome and Expenditure A/c for the year ended 31st March, 2020 and Balance Sheet as on that date. [12] Balance Sheet as on 1st April, 2019Liabilities Amount (₹)Assets Amount(₹)Capital Fund Building FundOutstanding Salary2,37,00050,0001,8002,88,800BuildingFurnitureStock of Sports MaterialOutstanding SubscriptionCash in HandCash at Bank2,00,00040,00010,0001,5002,40034,9002,88,800Receipt and Payment Account for the year ending 31st March, 2020Receipts Amount (₹)Payments Amount (₹)To Balance b/d CashBank2,40034,900By SalariesBy Furniture (Purchased on 01.10.2019)By Sports Material Purchased35,30010,0008,400To Subscription By Honorarium to Secretary 4,2002018-19 1,0002019-20 48,0002020-21 2,000 51,000By Tennis Tournament ExpenseBy Balance c/dCash16,0004,600To Donations 20,000 Bank 57,800To Tennis Tournament Receipts 28,0001,36,300 1,36,300Additional Information : 1. The Club had 100 Members, each paying ₹500 as annual subscription.2. Furniture to be depreciated at 20% p.a.3. Salaries include ₹1,800 paid for the year 2018-19.Salaries payable for the year 2019-20 were ₹1,000.4. 50% Donations are for Building Fund and the balance is to be treated as revenue income.5. Stock of Sports material as on 31st March 2020 was ₹5,000.
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