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Question
From the following particulars taken from the Cash Book of a health club, prepare a Receipts and Payments Account.
| Particulars | Rs |
| Opening balance: | |
| Cash in Hand | 5000 |
| Cash at Bank | 25000 |
| Subscriptions | 165000 |
| Donations | 35000 |
| Investment Purchased | 80000 |
| Rent Paid | 20000 |
| General Expenses | 21500 |
| Postage and stationery | 2000 |
| Courier charges | 1000 |
| Sundry Expenses | 2500 |
| Closing Cash in Hand | 12000 |
Solution
Books of Health Club
Receipt and Payment Account
Dr. Cr.
| Receipts | Amount (Rs) | Payments | Amount (Rs) | ||
| Balance b/d | Investment | 80000 | |||
| Cash in Hand | 5000 | 30000 | Rent | 20000 | |
| Cash at Bank | 25000 | General Expenses | 21500 | ||
| Subscriptions | 165000 | Postage and Stationery | 2000 | ||
| Donations | 35000 | Courier Charges | 1000 | ||
| Sundry Expenses | 2500 | ||||
| Balance c/d | |||||
| Cash in Hand | 12000 | 103000 | |||
|
Cast at Bank |
91000 | ||||
| 230000 | 230000 | ||||
APPEARS IN
RELATED QUESTIONS
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The fees paid by a person who wants to become a life member of the concern, for his whole life.
