From the Information Given Below, Prepare Receipts and Payments Account of Railway Club for the Year Ended 31st march, 2019 - Bzzii

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From the information given below, prepare Receipts and Payments Account of Railway Club for the year ended 31st march, 2019:

 (₹) (₹)
Cash in Hand on 1st April, 20184,390Salaries21,500
Subscription37,600Honorarium to Secretary2,500
Donations8,000Interest Received on Investments2,950
Entrance Fees4,300Printing and Stationery350
Rent Received for Club Halls5,250Petty Cash Expenses900
Electricity Charges3,440Insurance Premium Paid310
Taxes paid490  






In the books of Railway Club

Receipts and Payments A/c for the year ended 31st March, 2019

ReceiptsAmount (Rs.)PaymentsAmount (Rs.)
To balance b/d4,390By Electricity Charges3,440
To Subscriptions37,600By Taxes Paid490
To Donations8,000By Salaries21,500
To Entrance Fees4,300By Honorarium to Secretary2,500
To Rent Received for Club Halls5,250By Printing and Stationery350
To Interest Received on Investments2,950By Petty Cash Expenses900
  By Insurance Premium Paid310
  By balance c/d33,000
 62,490 62,490

Chapter-1 Financial Statements of Not for Profit Organisations-TS Grewal



Location: India

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