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 | ? |
In the books of Longtown Sports Club
Receipts and Payments A/c for the year ended 31st March, 2019
| Receipts | Amount (Rs.) | Payments | Amount (Rs.) |
| To Opening Balance: | By Charity Given | 10,000 | |
| Cash in Hand | 50,000 | By Match Expenses | 30,000 |
| Cash at Bank | 60,000 | By Salaries | 63,600 |
| To Subscriptions Received: | By Honorarium | 4,000 | |
| 2017-18 | 4,000 | By 12% Investment Purchased | 60,000 |
| 2018-19 | 1,40,000 | By Furniture Purchased | 70,000 |
| 2019-20 | 8,000 | By Closing Balance | |
| To Entrance Fees | 4,000 | Cash in Hand | 24,000 |
| To General Donations | 20,000 | Cash at Bank (WN1) (Bal. Fig.) | 70,400 |
| To Donations for Tournament | 40,000 | ||
| To Interest on 12% Investments | 6,000 | ||
| 3,32,000 | 3,32,000 |
Working Notes:
Calculation of closing balance of Cash:
Total Receipts = ₹ 3,32,000
Total Payments = ₹ 2,37,600
Cash in Hand = ₹ 24,000
Cash at Bank = Total Receipts – (Total Payments + Closing Balance of Cash)
= ₹ 3,32,000 – 2,61,600
= ₹ 70,400