CBSE 2022 · Region 1 · Set 3 · Q5

From the following information, calculate the amount of sports material that will be debited to the Income and Expenditure Account of Arjuna Sports Club for the year ended $\displaystyle 31$=I March, 2021. Particulars lst April, $\displaystyle 2020$ $\displaystyle 31$" March, $\displaystyle 2021$ (=> a> Stock of Sports Material $\displaystyle 1,50,000$ $\displaystyle 2,20,000$ Creditors for Sports Material $\displaystyle 35,000$ $\displaystyle 65,000$ Additional Information : During the year, ₹ $\displaystyle 2,80,000$ were paid to the cleditors of sports material.

OR

From the following extract of 'Receipts and Payments Account and additional information, calculate the amount of subscriptions to be shown in 'Income and Expenditure Account' for the year ended $\displaystyle 31$ March, $\displaystyle 2021$ and 'Balance Sheet as on that date. Receipts and Payments Aceount for the year ended $\displaystyle 31$ S¢ March, $\displaystyle 2021$ Receipts Amount Payments Amount ($\displaystyle 1$) a) To Subscriptions : $\displaystyle 2019$-$\displaystyle 20$ $\displaystyle 2020$-$\displaystyle 21$ $\displaystyle 40,000$ $\displaystyle 2021$-$\displaystyle 22$ $\displaystyle 6.000$ $\displaystyle 9,000$ $\displaystyle 55,000$ Additional Information : The club has $\displaystyle 500$ members each paying an annual subscription of ₹ 100. Subscriptions outstanding on $\displaystyle 31$ March, $\displaystyle 2020$ were ₹ $\displaystyle 12$,000.