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Question
From the information given below, prepare the Receipts and Payments account of Coimbatore Cricket Club for the year ending 31st March, 2019.
| Particulars | ₹ | ₹ | Particulars | ₹ |
| Bank overdraft (1.4.2018) | 6,000 | Honorarium paid | 2,800 | |
| Cash in hand (1.4.2018) | 1,000 | Water and electricity charges | 700 | |
| Wages paid for ground maintenance | 2,000 | Match expenses | 2,600 | |
| Subscription received: | Sports material purchased | 1,900 | ||
| Previous year | 500 | Match fund receipts | 5,200 | |
| Current year | 9,600 | Legacies received | 2,000 | |
| Subsequent year | 400 | 10,500 | Cash balance (31.03.2019) | 300 |
| Wages yet to be paid | 2,200 | Donation received for pavilion | 2,000 | |
| Interest on loan paid | 2,000 |
Solution
| Dr. | Coimbatore Cricket Club Receipts and Payments Account for the year ending 31.03.19 | Cr. | ||
| Receipts | ₹ | Payments | ₹ | |
| To Balance b/d (Cash) | 1,000 | By Bank Overdraft | 6,000 | |
| To Subscription | 10,500 | By Wages Paid | 2,000 | |
| To Match Fund Receipts | 5,200 | By Interest on loan | 2,000 | |
| To Legacies Received | 2,000 | By Honorarium paid | 2,800 | |
| To Donation reced. | 2,000 | By Water and Elec. Charges | 700 | |
| By Match Exp. | 2,600 | |||
| By Sports Material purchased | 1,900 | |||
| By Balance c/d | ||||
| Cash | 300 | |||
| Bank | 2,400 | |||
| 20,700 | 20,700 | |||
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