Answer me plz I will mark u as brainlist

1.	Answer me plz I will mark u as brainlist
Answer» EXPLANATION: RECEIPT and Payment Account For the year ending MARCH 31, 2020 Receipt Amount Payment Amount Cash in hand 6800 Salaries 22000 Subscription 60200 TRAVELLING expenses 8000 Donation 3000 Stationery 2300 Sale of furniture (book value Rs 6000 4000 Rent 16000 Entrance fee 800 Repairs 700 Life membership fee 7000 Books Purchased 6000 Interest on investment @5% for full year 5000 Building Purchased 30000 Cash in hand 1800 86800 86800 Additional information: (i) Subscription received included Rs.2000 for 2018-19 and Rs.3200 for 2020-21 (ii) Subscription amounting to Rs.800 is still in arrears for 2018-19 and subscription of Rs.4000 is in arrears for 2019-20 (iii) Three months rent Rs.4000 was due both in the beginning and end of the year (IV) One month salary is outstanding at the end of the year (v) On 1-4-2019 club owned books valued at Rs.13500 and Furniture Rs.

Answer»

RECEIPT and Payment Account

For the year ending MARCH 31, 2020

Receipt Amount Payment Amount

Cash in hand 6800 Salaries 22000

Subscription 60200 TRAVELLING expenses 8000

Donation 3000 Stationery 2300

Sale of furniture (book

value Rs 6000

4000 Rent 16000

Entrance fee 800 Repairs 700

Life membership fee 7000 Books Purchased 6000

Interest on investment

@5% for full year

5000 Building Purchased 30000

Cash in hand 1800

86800 86800

Additional information:

(i) Subscription received included Rs.2000 for 2018-19 and Rs.3200 for 2020-21

(ii) Subscription amounting to Rs.800 is still in arrears for 2018-19 and subscription

of Rs.4000 is in arrears for 2019-20

(iii) Three months rent Rs.4000 was due both in the beginning and end of the year

(IV) One month salary is outstanding at the end of the year

(v) On 1-4-2019 club owned books valued at Rs.13500 and Furniture Rs.

Discussion