CBSE 2022 · Region 3 · Set 3 · Q8

From the following 'Receipts and Payments Account of Golden Club for the year ended $\displaystyle 31.3.2022$, prepare Income and Expenditure Account : Receipts and Payments Account of Golden Club for the year ended $\displaystyle 31.3.2022$ Amount Amount Receipts Payments $\displaystyle 2$ $\displaystyle 2$ Bal. b/d IIonorarium $\displaystyle 75,000$ Cash $\displaystyle 70,000$ Stationery $\displaystyle 15,000$ Bank $\displaystyle 2,00.000$ $\displaystyle 2,70,000$ Electricity Bill $\displaystyle 35,000$ Subscriptions $\displaystyle 2,00,000$ Rent $\displaystyle 1,20,000$ Entrance Fees $\displaystyle 50,000$ Furrliture $\displaystyle 1,80,000$ Sale of old newspaper $\displaystyle 2,000$ Fixed Deposit @ $\displaystyle 9$% p.a. on $\displaystyle 31.03.2022$ $\displaystyle 1,00,000$ Sale of old furniture Balance c/d (book value ₹ $\displaystyle 10,000$) $\displaystyle 4,000$ Cash $\displaystyle 26,000$ Donations $\displaystyle 45,000$ Bank $\displaystyle 50,000$ $\displaystyle 76,000$ Life membership fees $\displaystyle 30,000$ $\displaystyle 6,01,000$ $\displaystyle 6,01,000$ Additional Information : ($\displaystyle 1$) Club had $\displaystyle 1750$ members each paying an annual subscription of ₹ 100. (ii) Furniture was purchased on 31.3.2022.