1.

The Yuvadhara Arts and Sports Club furnishes the following information before you, seeking your help for preparation of receipts and payments account. Help them to prepare receipts and payments account as a commerce student.Subscriptions5,500Electricity charges500Donations3,000Telephone Charges450Entrance fee1,000Honararium to secretary400Taxes200sale of old newspaper400Salaries and wages3,500 insurance premium150Locker rent received c2,100ash in hand (opening)2,100

Answer»

Receipts and Payments Account 

The Yuvadhara Arts and Sports Club

Dr.

ReceiptsAmtPaymentAmt.
Balance b/d: Cash in hand2100Salaries and wages3500
Subscriptions5500Taxes200
Donations3000Electricity charges500
Entrance fees1000Telephone charges450
Locker rent received2100Honararium to Secretary400
Sale of old newspaper400Insurance Premium 150
Balance c/d: Cash in hand (balancing figure)8900
14,10014,100



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