1.

The following information were obtained from the books of Delhi Club as on 31st March, 2019 at the end of the first year of the Club, prepare Receipts and Payment Account for the year ending 31st March, 2019: Receipts (₹) Payments (₹) Donation for Building and Library Room 2,00,000 Purchase of Land 10,000 Entrance Fees 17,000 Purchase of Furniture 1,30,000 Subscription 19,000 Salaries 4,800 Lockers Rent 1,660 Maintenance of Play Grounds 1,000 Refreshment Receipts 16,000 Rent 8,000 Government Grant 25,000 Refreshment Payments 8,000 Library Books 25,000 Purchase of 90% Government Bonds 1,60,000 Term Deposit with Bank 15,000

Answer» The following information were obtained from the books of Delhi Club as on 31st March, 2019 at the end of the first year of the Club, prepare Receipts and Payment Account for the year ending 31st March, 2019:


































































Receipts

(₹)

Payments

(₹)
Donation for Building and Library Room 2,00,000 Purchase of Land 10,000
Entrance Fees 17,000 Purchase of Furniture 1,30,000
Subscription 19,000 Salaries 4,800
Lockers Rent 1,660 Maintenance of Play Grounds 1,000
Refreshment Receipts 16,000 Rent 8,000
Government Grant 25,000 Refreshment Payments 8,000
Library Books 25,000
Purchase of 90% Government Bonds 1,60,000
Term Deposit with Bank 15,000


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