Select Board & Class

Login
studentsouces... & 2 others asked a question
Subject: Accountancy, asked on on 28/10/13
Abhishek Panchal asked a question
Subject: Accountancy, asked on on 2/2/20
19. The following is the receipts and payments account of Queen’s Club for the year ended 31 st March, 2012. Receipt and Payment Account for the year ended 31st March 2012 Receipts Amt (Rs.) Payments Amt (Rs.) To Balance b/d 1,82,000 By Salaries 1,66,000 Material downloaded from myCBSEguide.com. 6 / 40 To Subscriptions 1,80,000 By Stationery 32,000 To Tournament fund 1,64,000 By Rent 48,000 To Interest (investment) 65,000 By Telephone expenses 8,000 To Donations 1,12,000 By Sports material and expenses 78,000 To Sale-concert tickets 2,47,000 By Investments 6% 5,00,000 By Miscellaneous expenses 24,000 By Concert expenses 58,000 By Balance c/d 36,000 9,50,000 9,50,000 Additional Information i. Subscriptions include Rs. 12,000 for 2010-11 and Rs. 18,000 for 2012-13. ii. Stock of stationery on 31st March, 2011 and 2012 was Rs. 7,200 and Rs. 5,400 respectively. iii. Stock of sports material at the beginning and end of the year was Rs. 12,000 and Rs. 21,000 respectively. iv. Rent includes Rs. 4,000 paid for March, 2011. Rent for March, 2012 is outstanding. v. Telephone expenses include Rs. 3,000 as quarterly rent up to 31st May, 2012. vi. The value of building as on 31st March 2011, was Rs. 8,00,000 and you are required to write-off depreciation at 10%. vii. The value of investments on 31st March, 2011 was Rs. 10,00,000 and the club made similar additional investments during the year on 1st October, 2011. You are required to prepare the income and expenditure account of the club for the year ended 31st March, 2012.
Kajal Yadav asked a question
Subject: Accountancy, asked on on 28/12/13
Jitesh Khandelwal asked a question
Subject: Accountancy, asked on on 4/2/13

following is the receipt and payment account of natraj literary society hyderabad for the year ended 31st december 1998 :

receiptsRs payments Rs

to balance b/d 1-1-19987200By salaries 16,500

To Donations8000 By sundry expenses 1,000

To rent of the hall 15,400 By charities 1,500

To proceeds of lectures 4,700 By cost of lectures 3,000

To Interest on bonds 900 By newspapers 3,800

To journey receipts 5,600By journey Expenses 4,400

To sale of old newspaper 300 By Books 14,000

To sale of old furniture (book value rs 2,000) 400 By mowing machine (purchased on 1-4-1998) 10,000

To subscriptions : By furniture 7,000

1997 1,500 By postsge400

1998 38,000 By conveyance 800

1999 80040,300 By balance c/d 20,400

Additional Information : -

(1) there are 40 members each paying an annual subscription of 100 .

(2) on 31 st december 1997 the trustowned buildingsrs 75,500; furniture rs 10,000 ; books rs 6,000 and 12% bonds rs 10,000 .

(3) salaries of rs 1,500 for december 1998 were not paid until 7th january , 1999 .

(4) journey income receivable Rs 400 .

(5) charge depreciation @ 10% p.a. on buildings and mowing machine and 20% p.a. on the closing balance of furniture and books .

(6) it was decided to treat one - half of the amountreceived on account of donations as income.

prepare income and expenditure avvount for the year ending 31st dec., 1998and a balance sheet on that date .

Hints:- (1) Salary of rs 1,500 will be treated as outstanding .

(2) half the donations will be shown on the liabilities side .

(3) subscription outstanding rs 2,000 .

Diksha asked a question
Subject: Accountancy, asked on on 10/2/14
Himanshu Sharma asked a question
Subject: Accountancy, asked on on 26/9/18
Bhavesh Goyal asked a question
Subject: Accountancy, asked on on 16/2/14
Wajiha asked a question
Subject: Accountancy, asked on on 14/9/19
Tanisha Chittora asked a question
Subject: Accountancy, asked on on 12/1/19
Rahul asked a question
Subject: Accountancy, asked on on 30/3/20
Abhishek Jonwal asked a question
Subject: Accountancy, asked on on 30/1/15
Janhvi Israni asked a question
Subject: Accountancy, asked on on 23/12/13
Sourav Thukral asked a question
Subject: Accountancy, asked on on 16/5/19
Anindya Paul asked a question
Subject: Accountancy, asked on on 3/1/14
Niloy Choudhury Phukan asked a question
Subject: Accountancy, asked on on 13/6/10
Aashi Anand & 1 other asked a question
Subject: Accountancy, asked on on 3/4/14
Darshan Rathod asked a question
Subject: Accountancy, asked on on 11/1/14
K D asked a question
Subject: Accountancy, asked on 1 week, 5 days ago
Sourav Thukral asked a question
Subject: Accountancy, asked on on 15/5/19
Kanika Mehta asked a question
Subject: Accountancy, asked on on 20/1/16
Kshitij Aggarwal asked a question
Subject: Accountancy, asked on on 7/3/19
Mayank asked a question
Subject: Accountancy, asked on on 15/12/13
Priyanka asked a question
Subject: Accountancy, asked on on 10/3/19
Jitesh Khandelwal asked a question
Subject: Accountancy, asked on on 4/2/13

following is the receipt and payment account of natraj literary society hyderabad for the year ended 31st december 1998 :

receiptsRs payments Rs

to balance b/d 1-1-19987200By salaries 16,500

To Donations8000 By sundry expenses 1,000

To rent of the hall 15,400 By charities 1,500

To proceeds of lectures 4,700 By cost of lectures 3,000

To Interest on bonds 900 By newspapers 3,800

To journey receipts 5,600By journey Expenses 4,400

To sale of old newspaper 300 By Books 14,000

To sale of old furniture (book value rs 2,000) 400 By mowing machine (purchased on 1-4-1998) 10,000

To subscriptions : By furniture 7,000

1997 1,500 By postsge400

1998 38,000 By conveyance 800

1999 80040,300 By balance c/d 20,400

Additional Information : -

(1) there are 40 members each paying an annual subscription of 100 .

(2) on 31 st december 1997 the trustowned buildingsrs 75,500; furniture rs 10,000 ; books rs 6,000 and 12% bonds rs 10,000 .

(3) salaries of rs 1,500 for december 1998 were not paid until 7th january , 1999 .

(4) journey income receivable Rs 400 .

(5) charge depreciation @ 10% p.a. on buildings and mowing machine and 20% p.a. on the closing balance of furniture and books .

(6) it was decided to treat one - half of the amountreceived on account of donations as income.

prepare income and expenditure avvount for the year ending 31st dec., 1998and a balance sheet on that date .

Hints:- (1) Salary of rs 1,500 will be treated as outstanding .

(2) half the donations will be shown on the liabilities side .

(3) subscription outstanding rs 2,000 .

Dikshit Jain asked a question
Subject: Accountancy, asked on on 27/2/19
Garima Nenawati asked a question
Subject: Accountancy, asked on on 24/2/16
Aman Goel asked a question
Subject: Accountancy, asked on on 4/7/10
Komal Shiwani asked a question
Subject: Accountancy, asked on on 1/9/19
What are you looking for?

Syllabus