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Following is the Receipts & Payments Account of the Gymkhana Club for the year ended 31st March, 2023:

Receipts & Payments Account for the year ended 31st March, 2023

Receipts   Payments

To Balance b/d

To Entrance Fees

To Subscriptions:

2021-22

2022-23

2023-24

To Locker Rent

To Special Subscriptions for Tournament

(To be held in 2023-24)

 

 

 

1,000

84,500

1,500

 

1,500

2,750

 

 

87,000

2,500

17,250

By Rent

By Stationery, Postage, etc.

By Advertising Expenses

By Billiards Table

By Repairs and Renewals

By Interest

By Balance c/d

26,000

15,340

26,650

19,500

4030

7,500

11,980

    1,11,000   1,11,000

Locker Rent ₹ 300 is for 2021-22 and ₹ 450 is still owing. Rent ₹ 6,500 pertained to 2021-22 and ₹ 6,500 is still due. Stationery expenses ₹ 1,560 relate to 2021-22 and still owing are ₹ 1,822. Subscriptions unpaid for 2022-23 are ₹ 2,340.

Prepare Income & Expenditure Account of the club for the year ended 31st March, 2023 and the Balance Sheet as at that date.

Anurag Pathak Changed status to publish February 7, 2024
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