Ganeev Sports Club gives the following Receipts & Payments Account for the year ended 31st March, 2023:
Ganeev Sports Club gives the following Receipts & Payments Account for the year ended 31st March, 2023:
Receipts & Payments Account for the year ended 31st March, 2023
of the subscriptions due for the current year, ₹ 21,000 are in arrears; Locker rent in arrears ₹ 2,000; Printing bill unpaid ₹ 2,000; Stationery Account unpaid ₹ 3,000. There is a sum of ₹ 2,00,000 on deposits at bank and the club House Equipments are valued at ₹ 12,00,000.
Prepare Income & Expenditure Account and the Balance Sheet as at 31st March, 2023.
| Receipts | ₹ | Payments | ₹ | |
| To Balance b/d To Entrance Fees To Subscriptions: Current Year In Advance To Profit on Refreshments To Locker Rent To Interest on Deposits | 2,20,000 24,000 | 27,000 16,000 2,44,000 53,000 12,000 2,000 | By Purchase of New Lockers By Refreshment Expenses By Printing and Stationery By Postage By Miscellaneous Expenses By Lighting and Fuel By Match Expenses By Balance c/d | 32,000 1,50,000 36,000 3,000 8,000 19,000 54,000 52,000 |
| 3,54,000 | 3,54,000 |
Anurag Pathak Changed status to publish February 7, 2024
