‹ PrevQuestion 45 / 45 · latest first
✓ Board-verified
Accountancy · 2022 · 5 marks
CBSE 2022 · Region 2 · Set 1 · Q9
From the following Receipts and Payments Account of Ziya Educational Society for the year ended 31st March, 2021, prepare Income and Expenditure…
From the following Receipts and Payments Account of Ziya Educational Society for the year ended 31st March, $\displaystyle 2021$, prepare Income and Expenditure Account for the year ended 31st March, $\displaystyle 2021$ : Receipts and Payments Account of Ziya Educational Society
for the year ended 31st March, $\displaystyle 2021$
Additional Information : (i) Subscriptions outstanding on 1st April, $\displaystyle 2020$ were ₹ $\displaystyle 900$ and Subscriptions outstanding on 31st March, $\displaystyle 2021$ were ₹ $\displaystyle 1$,900. (ii) Salaries outstanding on 31st March, $\displaystyle 2021$ were ₹ $\displaystyle 2$,000.
| Receipts | Amount (₹) | Payments | Amount (₹) |
| Balance b/d | $\displaystyle 25,500$ | Honorarium | $\displaystyle 2,000$ |
| Subscriptions | $\displaystyle 34,000$ | Computer | $\displaystyle 10,000$ |
| Sale of old newspapers | $\displaystyle 700$ | Repairs | $\displaystyle 1,000$ |
| Interest on Investments | $\displaystyle 2,800$ | Salaries | $\displaystyle 13,000$ |
| Sundry Expenses | $\displaystyle 1,000$ | ||
| Balance c/d | $\displaystyle 36,000$ | ||
| $\displaystyle 63,000$ | $\displaystyle 63,000$ |
Marking-scheme solution
Dr. Income and Expenditure Account for the year ended 31st March, $\displaystyle 2021$ Cr.
Amount Amount
Expenditure Income
(₹) (₹)
To Honorarium $\displaystyle 2,000$ By Subscription $\displaystyle 34,000$
To Repairs $\displaystyle 1,000$ (+) Current year
To Salaries $\displaystyle 13,000$ O/s $\displaystyle 1,900$
$\displaystyle 15,000$ (–) Previous year
To Add O/s $\displaystyle 2,000$
$\displaystyle 1,000$ O/s $\displaystyle 900$ $\displaystyle 35,000$
To Sundry expenses
To Excess of Income over By Sale of old $\displaystyle 700$
$\displaystyle 19,500$
Expenditure : Surplus newspapers
By Interest on $\displaystyle 2,800$
investment
$\displaystyle 38,500$ $\displaystyle 38,500$
All Accounting for Not-for-Profit Organisation questions2022 question paperPractice Accounting for Not-for-Profit Organisation →
More from Accounting for Not-for-Profit Organisation
- List any four items that are considered as Capital items while preparing financial statements of a NotforProfit Organisation.2022
- From the following information, calculate the amount of sports material that will be debited to the Income and Expenditure Account of Arjun Sports…2022
- As per Receipts and Payments Account of Kala Club for the year ended 31st March, 2021, subscriptions received were 4,00,000. Additional Information:…2022
- As per Receipts and Payments Account of Kala Club for the year ended 31st March, 2021, subscriptions received were ₹ 4,00,000. Additional…2022
- From the following 'Receipts and Payments Account of Golden Club for the year ended 31.3.2022, prepare Income and Expenditure Account: Receipts and…2022
- Present the following information in the Balance Sheet of Wisdom Club as at 31st March, 2021 Particulars Amount () Prize fund (1st April, 2020)…2022
- From the following 'Receipts and Payments Account of Golden Club for the year ended 31.3.2022, prepare Income and Expenditure Account: Receipts and…2022
- From the following 'Receipts and Payments Account of Golden Club for the year ended 31.3.2022, prepare Income and Expenditure Account: Receipts and…2022
CBSE Class 12 Accountancy past-paper question from the 2022 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.