From the following particulars taken from the Cash Book of a health club, prepare a Receipts and Payments Account.

Q.1. From the following particulars taken from the Cash Book of a health club, prepare a Receipts and Payments Account.

	(Rs)
Opening balance:
cash in hand	5,000
cash at bank	25,000
subscription	1,65,000
Donation	35,000
Investment Purchased	80,000
Rent paid	20,000
General Expenses	21,500
Postage and Stationary	2,000
Courier charges	1,000
Sundry Expenses	2,500
Closing cash in hand	12,000

SOLUTION

Books of Health Club Receipt and Payment Account

Dr.                                                                                                                                            Cr.

Receipt	Amount	Payment	Amount
Balance b/d		Rent	20,000
Cash in Hand	5,000	General Expenses	21,500
Cash at Bank	25,000	Investment	80,000
Subscriptions	1,65,000	Postage and Stationery	2,000
Donations	35,000	Courier Charges	1,000
		Sundry Expenses	2,500
		Balance c/d
		Cash in Hand	12,000
		Cast at Bank (Balancing figure)	91,000
	2,30,000		2,30,000

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