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 - Receipts and Payments Account

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	(Rs.)	Payments	(Rs.)
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

 

In the books of Delhi Club

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

Receipts	Amount (Rs.)	Payments	Amount (Rs.)
To Donation for Building and Library Room	2,00,000	By Purchase of Land	10,000
To Entrance Fees	17,000	By Purchase of Furniture	1,30,000
To Subscription	19,000	By Salaries	4,800
To Lockers Rent	1,660	By Maintenance of Play Grounds	1,000
To Refreshment Receipts	16,000	By Rent	8,000
To Government Grant	25,000	By Refreshment Payments	8,000
To balance c/d	83,140	By Library Books	25,000
		By Purchase of 9% Government Bonds	1,60,000
		By Term Deposit with Bank	15,000
	3,61,800		3,61,800

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

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