The following is the Receipts and Payments Account of Calcutta Women's

1.	The following is the Receipts and Payments Account of Calcutta Women's Sports Club for the year ended 31st December, 2012. ReceiptsAmountPaymentsAmount(Rs)(Rs)To Donations12,000By Rent18,000To Subscriptions25,000By Salary25,000 To Bar Receipts60,000By Rates and Taxes7,200To Billard Fees5,200By Bar Purchases45,000To Table Tennis Fees4,000By Furniture5,000To Card Room Fees3,500By Stationery8,000To Grant10,000By Telephone2,500To Advertisement in Club's year-book5,700By PostagesBy Balance c/d:3,200Cash800Bank7,700¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯1,25,400––––––––––––––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯1,25,400–––––––––––––––––––– Additional Information : (i) Donations are for instituting a prize fund. (ii) Subscription in arrears Rs 3,000 and pre-received Rs 500. (iii) Salary is paid Rs 2,500 per month. (iv) Salary of Rs 1,000 is prepaid. (v) Rent is paid for 3 years in advance. (vi) Bar stock unused Rs 8,000 and stationery unused Rs 2,500. (vii) Sundry persons owed Rs 1,500 for advertisement in Club's year-book. You are required to prepare Income and Expenditure Account for the year ended 31st Dec. 2012.
Answer» The following is the Receipts and Payments Account of Calcutta Women's Sports Club for the year ended 31st December, 2012. $\begin{matrix} Receipts & Amount & Payments & Amount (Rs) & (Rs) To Donations & 12, 000 & By Rent & 18, 000 To Subscriptions & 25, 000 & By Salary & 25, 000 \end{matrix}$ $\begin{matrix} To Bar Receipts & 60, 000 & By Rates and Taxes & 7, 200 To Billard Fees & 5, 200 & By Bar Purchases & 45, 000 To Table Tennis Fees & 4, 000 & By Furniture & 5, 000 To Card Room Fees & 3, 500 & By Stationery & 8, 000 To Grant & 10, 000 & By Telephone & 2, 500 To Advertisement in Club's year-book & 5, 700 & By Postages By Balance c/d: & 3, 200 Cash & 800 Bank & 7, 700 ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 1, 25, 400 - -------- - - -------- - & ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 1, 25, 400 - -------- - - -------- - \end{matrix}$ Additional Information : (i) Donations are for instituting a prize fund. (ii) Subscription in arrears Rs 3,000 and pre-received Rs 500. (iii) Salary is paid Rs 2,500 per month. (iv) Salary of Rs 1,000 is prepaid. (v) Rent is paid for 3 years in advance. (vi) Bar stock unused Rs 8,000 and stationery unused Rs 2,500. (vii) Sundry persons owed Rs 1,500 for advertisement in Club's year-book. You are required to prepare Income and Expenditure Account for the year ended 31st Dec. 2012.

The following is the Receipts and Payments Account of Calcutta Women's Sports Club for the year ended 31st December, 2012. ReceiptsAmountPaymentsAmount(Rs)(Rs)To Donations12,000By Rent18,000To Subscriptions25,000By Salary25,000 To Bar Receipts60,000By Rates and Taxes7,200To Billard Fees5,200By Bar Purchases45,000To Table Tennis Fees4,000By Furniture5,000To Card Room Fees3,500By Stationery8,000To Grant10,000By Telephone2,500To Advertisement in Club's year-book5,700By PostagesBy Balance c/d:3,200Cash800Bank7,700¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯1,25,400––––––––––––––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯1,25,400–––––––––––––––––––– Additional Information : (i) Donations are for instituting a prize fund. (ii) Subscription in arrears Rs 3,000 and pre-received Rs 500. (iii) Salary is paid Rs 2,500 per month. (iv) Salary of Rs 1,000 is prepaid. (v) Rent is paid for 3 years in advance. (vi) Bar stock unused Rs 8,000 and stationery unused Rs 2,500. (vii) Sundry persons owed Rs 1,500 for advertisement in Club's year-book. You are required to prepare Income and Expenditure Account for the year ended 31st Dec. 2012.

Answer»

The following is the Receipts and Payments Account of Calcutta Women's Sports Club for the year ended 31st December, 2012.

$\begin{matrix} Receipts & Amount & Payments & Amount (Rs) & (Rs) To Donations & 12, 000 & By Rent & 18, 000 To Subscriptions & 25, 000 & By Salary & 25, 000 \end{matrix}$

$\begin{matrix} To Bar Receipts & 60, 000 & By Rates and Taxes & 7, 200 To Billard Fees & 5, 200 & By Bar Purchases & 45, 000 To Table Tennis Fees & 4, 000 & By Furniture & 5, 000 To Card Room Fees & 3, 500 & By Stationery & 8, 000 To Grant & 10, 000 & By Telephone & 2, 500 To Advertisement in Club's year-book & 5, 700 & By Postages By Balance c/d: & 3, 200 Cash & 800 Bank & 7, 700 ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 1, 25, 400 - -------- - - -------- - & ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 1, 25, 400 - -------- - - -------- - \end{matrix}$

Additional Information :

(i) Donations are for instituting a prize fund.

(ii) Subscription in arrears Rs 3,000 and pre-received Rs 500.

(iii) Salary is paid Rs 2,500 per month.

(iv) Salary of Rs 1,000 is prepaid.

(v) Rent is paid for 3 years in advance.

(vi) Bar stock unused Rs 8,000 and stationery unused Rs 2,500.

(vii) Sundry persons owed Rs 1,500 for advertisement in Club's year-book.

You are required to prepare Income and Expenditure Account for the year ended 31st Dec. 2012.

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