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Chapter 1 . Financial Statements of Not-for-Profit Organisations 1.5Illustration 1.From the information given below, prepare Receipts and Payments Account of Friends Club,Delhi, for the year ended 31st March, 2020:Cash Balance on 1st April, 2019 44,000; Subscriptions 3,76,000; Donations * 80,000; EntranceFees * 43,000; Rent Realised from Club Hall 52,500; Electricity Charges 34,400; Taxes75,000; Salaries and Wages * 2,15,000; Honorarium to Secretary * 25,000; Interest Receivedon Investments * 29,500; Printing and Stationery * 3,500; Petty Expenses + 9,000; InsurancePremium Paid 3,100.Solution:Friends Club, DelhiDr.RECEIPTS AND PAYMENTS ACCOUNT for the year ended 31st March, 2020 |
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Answer» Answer: 1.2-439534 Explanation: |
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