From the following particulars of Evergreen Club, prepare Receipts and Payments Account for the year ended 31st March, 2019: ₹ ₹ Cash in Hand on 1st April, 2018 50,000 Newspapers and Magazines 87,000 Cash at Bank on 1st April, 2018 3,40,000 Sale of Old Newspapers 12,000 Subscriptions Received 15,70,000 Book Purchased 3,40,000 Donations Received 2,80,000 Sports Materials Purchased 4,70,000 Investments Purchased 5,00,000 Interest on Investments Received 50,000 Rent Paid 50,000 Honorarium to Coaches 1,50,000 General Expenses 2,30,000 Cash in Hand on 31st March, 2019 30,000 Postage and Stationery 25,000 Cash at Bank on 31st March, 2019 ?
From the following particulars of Evergreen Club, prepare Receipts and Payments Account for the year ended 31st March, 2019: ₹ ₹ Cash in Hand on 1st April, 2018 50,000 Newspapers and Magazines 87,000 Cash at Bank on 1st April, 2018 3,40,000 Sale of Old Newspapers 12,000 Subscriptions Received 15,70,000 Book Purchased 3,40,000 Donations Received 2,80,000 Sports Materials Purchased 4,70,000 Investments Purchased 5,00,000 Interest on Investments Received 50,000 Rent Paid 50,000 Honorarium to Coaches 1,50,000 General Expenses 2,30,000 Cash in Hand on 31st March, 2019 30,000 Postage and Stationery 25,000 Cash at Bank on 31st March, 2019 ?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
From the following particulars of Evergreen Club, prepare Receipts and Payments Account for the year
ended 31st March, 2019:
₹ ₹
Cash in Hand on 1st April, 2018 50,000 Newspapers and Magazines 87,000
Cash at Bank on 1st April, 2018 3,40,000 Sale of Old Newspapers 12,000
Subscriptions Received 15,70,000 Book Purchased 3,40,000
Donations Received 2,80,000 Sports Materials Purchased 4,70,000
Investments Purchased 5,00,000 Interest on Investments Received 50,000
Rent Paid 50,000 Honorarium to Coaches 1,50,000
General Expenses 2,30,000 Cash in Hand on 31st March, 2019 30,000
Postage and Stationery 25,000 Cash at Bank on 31st March, 2019 ?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education