CBSE 2022 · Region 4 · Set 3 · Q7

Following is the 'Receipts and Payments Account' of Manoranjan Club for the year ended 31st March, $\displaystyle 2022$ : Receipts and Payments Account of Manoranjan Club for the year ended 31st March, $\displaystyle 2022$ Amount Amount Receipts Payments < < Balance b/d Staff Salaries $\displaystyle 1,71,000$ Musical Instruments Cash $\displaystyle 10,000$ Purchased $\displaystyle 80,000$ Bank $\displaystyle 15,700$ $\displaystyle 25,700$ Repair of Musical Instruments $\displaystyle 4,000$ Subscriptions : Honorarium to trainers $\displaystyle 2,48,000$ $\displaystyle 2020$ $\displaystyle 21$ $\displaystyle 1$ $\displaystyle 7,000$ $\displaystyle 12$% Fixed Deposit $\displaystyle 1,00,000$ $\displaystyle 2021$ $\displaystyle 22$ $\displaystyle 1$ $\displaystyle 3,00,000$ (On $\displaystyle 1.1.2022$) $\displaystyle 1$ $\displaystyle 2022$ $\displaystyle 23$ $\displaystyle 4,000$ $\displaystyle 3,11,000$ Balance c/d Sale of old furniture Cash $\displaystyle 5,000$ (Book value ₹ $\displaystyle 25,000$) $\displaystyle 5,000$ Bank $\displaystyle 61,700$ $\displaystyle 66,700$ Sale of old magazines $\displaystyle 3,000$ Proceeds from music $\displaystyle 2,00,000$ concerts Fee from learners $\displaystyle 1,25,000$ $\displaystyle 6,69,700$ $\displaystyle 6,69,700$ Additional Information : (i) The Club has $\displaystyle 1500$ members each paying an annual subscription of ₹ 200. (ii) Prepare Income and Expenditure Account of Manoranjan Club for the year ended 31st March, 2022.