J.K.

SHAH CLASSES CA FOUNDATION - ACCOUNTANCY

FINAL ACCOUNTS OF NOT FOR PROFIT

ORGANISATION

CLASSWORK SOLUTION
Q.1

Income & Expenditure A/c of Free Medical Society

for the year ending 31st March 2020

Particulars Amt Amt Particulars Amt Amt

To Hon. to Doctors 10,000 By Sub. Received 50,000
To Salaries 27,500 Less :Op. O/S (500)
Less: Op. O/S (3,000) Add: Op. Adv. 1,000
Add: Cl. O/S 5,000 29,500 Add: Cl. O/S 1,000
To Sundry Exp. 500 Less: Cl.Adv. (500) 51,000
Add: Op. P/P 100 By Donations 14,500
Less: Cl. P/P (200) 400 By Interest 7,000
To Charity By Charity
Show expenses 1,000 Show proceeds 10,000
To Medicines
Consumed 27,000
To Depreciation:
Equipment 6,000
Building 2,000 8,000
To Surplus 6,600
82,500 82,500

Balance Sheet of Free Medical Society as on 31st March 2020

Liabilities Amount Amount Assets Amount Amount
Capital Fund 1,66,600 Building 40,000
Add: Surplus 6,600 1,73,200 Less: Dep. (2,000) 38,000
Equipments 21,000
Subscription + Purchased 15,000
Received in 36,000
Advance 500 Less: Dep. (6,000) 30,000
7% Investments 1,00,000
Suppliers for Subscription O/s 1,000
Medicines 10,000 Medicines stock 15,000
O/s Salary 5,000 Cash Balance 4,500
P/P Sundry
Expenses 200
1,88,700 1,88,700

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J.K.SHAH CLASSES CA FOUNDATION - ACCOUNTANCY
Working Notes:

1).
Balance Sheet of Free Medical Society as on 1st April 2019

Liabilities Amount Assets Amount

Capital Fund (Bal.Fig.) 1,66,600 Building 40,000
Advance Subscription 1,000 Equipments 21,000
Medicines Suppliers 8,000 Medicines Stock 10,000
O/S Salaries 3,000 Subscription Due 500
7% Investments 1,00,000
P/P Sundry Expenses 100
Cash Balance 7,000
1,78,600 1,78,600

2).
Medicine Suppliers A/c

Particulars Amount Particulars Amount

To Cash 30,000 By Balance b/d 8,000
To Balance c/d 10,000 By Purchases (Bal.Fig.) 32,000
40,000 40,000

3).
Stock of Medicines A/c

Particulars Amount Particulars Amount

To Balance b/d 10,000 By I & E A/c (Bal.Fig.) 27,000
To Purchases 32,000 By Balance c/d 15,000
42,000 42,000

Q.2
Balance Sheet of Sportswriters Club as on 31st March 2019

Liabilities Amount Assets Amount

Capital Fund (Bal.Fig.) 47,000 Furniture 9,600
O/s Salaries 710 Sports Equipment 7,200
O/s Rent & Electricity 864 Library Books 5,000
O/s Magazines 226 10% FD with Bank 20,000
Interest Accrued on FD 500
Subscription Receivable 1,263
Prepaid Sundry Expenses 417
Cash/Bank Balance 4,820
48,800 48,800

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J.K.SHAH CLASSES CA FOUNDATION - ACCOUNTANCY
Income & Expenditure A/c of Sportswriters Club
for the year ended 31st March 2020

Particulars Amt Amt Particulars Amt Amt

To Salaries 12,000 By Subscription 28,600
Less: Op. O/s (710) Less: Op. O/s (1,263)
Add: Cl. O/s 170 11,460 Add: Cl. O/s 1,575 28,912
To Rent & Elec. 7,220
Less: Op. O/s (864) By Interest on FD 2,000
Add: Cl. O/s 973 7,329 Less: Op. Accrued (500)
To Magazines 2,172 Add: Cl. Accrued 500 2,000
Less: Op. O/s (226)
Add: Cl. O/s 340 2,286 By Misc. Income 700
To Sundry Exp. 10,278
Add: Op. Prepaid 417 By Deficit (B/f) 2,888
Less: Cl. Prepaid (620) 10,075
To Depreciation:
Furniture 960
Sports Equipment 1,640
Library Books 750 3,350

34,500 34,500

Balance Sheet of Sportswriters Club as on 31st March 2020

Liabilities Amt Amt Assets Amt Amt

Capital Fund 47,000 Furniture 9,600
Less: Deficit (2,888) 44,112 Less: Dep. 10% (960) 8,640
Sports Equipment 7,200
O/s Salaries 170 Add: Purchased 1,000
8,200
O/s Rent & Elec. 973 Less: Dep. 20 % (1,640) 6,560
Library Books 5,000
O/ Magazines 340 Add: Purchased 1,000
6,000
Less: Depreciation (750) 5,250
10% FD with Bank 20,000
Interest Accrued 500

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Subscription O/s 1,575

Prepaid Sundry Exp. 620
Cash & Bank Bal. 2,450
45,595 45,595

Q.3
Income & Expenditure A/c of Mayura Hospital
for the year ended 31st December 2020

Particulars Amt Amt Particulars Amt Amt

To Salaries 15,600 By Subscription 16,000
Less: Op. O/s (3,600) 12,000 Less: Op. O/s (2,550)
To Print. & Stat. 1,200 Less: Cl. Adv. (1,200) 12,250
To Diet Expenses 7,800 By Donations 4,000
To Rent & Rates 1,000 By Govt. Grant
Less: Cl. Prepaid (150) 850 for Maint. 10,000
To Elect. & Water 1,200 By Fees from
To Office Expense 1,000 Patients 2,400
To Bad Debts 500 By Net Coll.from
Benefit shows 3,000
To Surplus 7,500 By Interest 400
32,050 32,050

Balance Sheet of Mayura Hospital as on 31st December 2020

Liabilities Amt Amt Assets Amt Amt

Capital Fund 24,650 Bldg. WIP (Op.) 45,000
Add: Surplus 7,500 32,150 Add: Additions 25,000 70,000
Hosp. Equip. 17,000
Building Fund 40,000 Add: New Purch. 8,500 25,500
Add: Govt.Grant 40,000 80,000 Furniture 3,000
O/s Subscription 200
Advance Subs. 1,200 8% Investments 10,000
Prepaid Rent 150
Interest Accrued 400
Cash Balance 700
Bank Balance 3,400
1,13,350 1,13,350

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J.K.SHAH CLASSES CA FOUNDATION - ACCOUNTANCY
Working Note:
1).
Balance Sheet of Mayura Hospital as on 1st January 2020

Liabilities Amount Assets Amount

Capital Fund (Bal.Fig.) 24,650 Building WIP 45,000
Building Fund 40,000 Hospital Equipment 17,000
O/s Salaries 3,600 O/s Subscription 3,250
Cash Balance 400
Bank Balance 2,600
68,250 68,250

Q.4
Correct Receipts & Payments A/c of Trustwell Club
for the year ended 31st March 2020
Receipts Amount Payments Amount
To Balance b/d 450 By Expenses 3,600
To Subscription 4,500 By Sports Material 2,700
To Other Fees 1,800
To Donation for Bldg. 90,000
To Sale of Furniture 270 By Balance c/d 90,720
97,020 97,020

Income & Expenditure A/c of Trustwell Club

for the year ended 31st March 2020

Particulars Amt Amt Particulars Amt Amt

To Expenses 3,600 By Subscription 4,500
To Sports Mat. 2,700 Less: Op. O/s (180)
Add: Op. St. 6,660 Add: Op. Advance 90
Less: Cl. St. (1,800) 7,560 Add: Cl. O/s 270
To Loss on Sale Less: Cl. Advance (90) 4,590
of Furniture 180 By Other Fees 1,800
By Interest on Invst. 1,350
By Deficit 3,600
11,340 11,340

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J.K.SHAH CLASSES CA FOUNDATION - ACCOUNTANCY
Balance Sheet of Trustwell Club as on 31st March 2020

Liabilities Amt Amt Assets Amt Amt

Capital Fund 36,000 Furniture 1,800
Less: Deficit (3,600) 32,400 Less: Sold (450) 1,350
5% Investments 27,000
Donation for Build. 90,000 Interest Accrued 1,350
Subscription Adv. 90 Subscription Due 270
Sports Mat. Stock 1,800
Cash/Bank Balance 90,720
1,22,490 1,22,490

Working Note:

1).
Balance Sheet Trustwell Club as on 1st April 2019

Liabilities Amount Assets Amount

Capital Fund (Bal.Fig.) 36,000 Furniture 1,800
Subscription Advance 90 O/s Subscription 180
5% Investments 27,000
Cash/Bank Balance 450
Stock of Sports Material 6,660
36,090 36,090

Q.5

Income & Expenditure A/c of Apollo Club for the year ended 31st March 2020

Particulars Amt Amt Particulars Amt Amt

To Salaries 3,000 By Subscription 8,000
To Stationery 1,000 Less: Op. O/s (3,000)
Add: Op. Stock 400 Add: Op. Adv. 300
Less: Cl. Stock (500) 900 Add: Cl. O/s 700
To Rates & Taxes 300 Less: Cl. Adv. (1,000) 5,000
Add: Op. Prepaid 250
Less: Cl. Prepaid (250) 300 By Interest on
To Sundry Exp. 200 Investments 1,000
Less: Op. O/s (50) Add: Interest Acc. 200 1,200
Add: Cl. O/s 60 210

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J.K.SHAH CLASSES CA FOUNDATION - ACCOUNTANCY

To Tel. Charges 1,500 By Profit on

Less: Op. O/s (600) Sports 3,000
Add: Cl. O/s 300 1,200
To Dep. On Bldg. 3,000
To Surplus 590
9,200 9,200

Balance Sheet of Apollo Club as on 31st March 2020

Liabilities Amt Amt Assest Amt Amt

Capital Fund 50,200 Building 30,000
Add: Surplus 590 50,790 Less: Dep.10% (3,000) 27,000
Stock of Stationery 500
Advance Subs. 1,000 O/s Subscription:
O/s Tel.Charges 300 2018 – 19 500
O/s Sundry Exp. 60 2019 – 2020 700 1,200
P/P Rates & Taxes 250
8% Investments 15,000
Add: Purchased 5,000 20,000
Interest Accrued 200
Cash Balance 3,000
52,150 52,150

Working Note:

1).
Balance Sheet of Apollo Club as on 1st April 2019

Liabilities Amount Assets Amount

Capital Fund 50,200 Building 30,000
Advance Subscription 300 O/s Subscription 3,500
O/s Telephone Charges 600 Stock of Stationery 400
O/s Sundry Expenses 50 Prepaid Rates & Taxes 250
8% Investments 15,000
Cash Balance 2,000
51,150 51,150

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Q.6
Correct Receipts & Payments A/c of Citizen Club
for the year ended 31st March 2020

Receipts Amount Payments Amount

To Balance b/d By Premises 30,000
Cash 450 By Hon. To Secretary 11,000
Bank (Cash Book) 24,420 By Rent 2,400
To Subscription 62,130 By Rates & Taxes 3,780
To Fair Receipts 7,200 By Printing & Stationery 1,410
To Variety Show Receipts 12,810 By Sundry Expense 5,350
To Interest 690 By Wages 2,520
To Bar Collection 22,350 By Fair Expense 7,170
By Bar Purchase 17,310
By Repairs 960
By New Car 37,800
By Balance c/d
Bank Balance (Cash Book) 10,350
1,30,050 1,30,050

Income & Expenditure A/c of Citizen Club

for the year ended 31st March 2020

Particulars Amt Amt Particulars Amt Amt

To Hon. To Sec. 11,000 By Subscription 62,130
Add: O/s 1,000 12,000 Less: Op. O/s (3,600)
To Rent 2,400 Add: Cl. O/s 2,940 61,470
To Rates & Taxes 3,780 By Fair Receipts 7,200
To Print. & Stat. 1,410 By Variety Show 12,810
To Sundry Expense 5,350 By Interest 690
To Wages 2,520 By Bar Collection 22,350
To Fair Expense 7,170 By Profit on
To Repairs 960 Sale of Car 3,300
To Bar Consumed 16,350
To Depreciation:
Premises 3,030
Car 9,360 12,390
To Surplus 43,490
1,07,820 1,07,820
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J.K.SHAH CLASSES CA FOUNDATION - ACCOUNTANCY

Balance Sheet of Citizen Club as on 31st March 2020

Liabilities Amt Amt Assets Amt Amt

Capital Fund 65,130 Bank Balance 10,350
Add: Surplus 43,490 1,08,620 O/s Subscription 2,940
Bar Stock 2,610
Creditors for Bar Premises (Cost) 1,17,000
Purchases 1,290 Less: PFD (59,430) 57,570
O/s Hon. To Sec. 1,000 Car (C0st) 46,800
Less: PFD (9,360) 37,440
1,10,910 1,10,910

Working Note:
1).
Balance Sheet of Citizen Club as on 1st April 2019

Liabilities Amount Assets Amt Amt

Capital Fund 65,130 Cash Balance 450
Bank Balance 24,420
Creditors for Bar Purch. 1,770 Subscription Due 3,600
Premises (Cost) 87,000
Less: PFD (56,400) 30,600
Car (Cost) 36,570
Less: PFD (30,870) 5,700
Bar Stock 2,130
66,900 66,900
2).
Creditors for Bar Purchases A/c

Particulars Amount Particulars Amount

To Cash/Bank 17,310 By Balance b/d 1,770
To Balance c/d 1,290 By Purchases 16,830
18,600 18,600
3).
Bar Stock A/c

Particulars Amount Particulars Amount

To Balance b/d 2,130 By Consumed 16,350
To Purchased 16,830 By Balance c/d 2,610
18,960 18,960
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Q.7 (a).
Stock of Sports Material A/c

Particulars Amount Particulars Amount

To Balance b/d 75,000 By Income & Exp. A/c 2,17,500
To Purchases 2,55,000 By Balance c/d 1,12,500
3,30,000 3,30,000

Suppliers for Sports Material A/c

Particulars Amount Particulars Amount

To Cash / Bank A/c 2,25,000 By Balance b/d 67,500
To Balance c/d 97,500 By Purchases 2,55,000
3,22,500 3,22,500

Subscription A/c

Particulars Amount Particulars Amount

To Balance b/d 11,250 By Balance b/d 9,000
To Income & Exp. A/c 3,84,000 By Cash/Bank A/c 3,75,000
To Balance c/d 5,250 By Balance c/d 16,500
4,00,500 4,00,500

Balance Sheet as on 31st March 2020 (EXTRACTS)

Liabilities Amount Assets Amount

Advance Subscription 5,250 O/s Subscription 16,500
Suppliers of Sports Mat. 97,500 Stock of Sports Mat. 1,12,500

Q.7 (b).

Calculation of Subscription amount to be credited to Income & Expenditure A/c

Particulars Amount
Amount Received 42,000
Less: Received of 2019 (Last Year) (1,600)
Less: Received for 2021 (Next Year) (600)
Add: Receivable for 2020 (Current Year) 3,000
Income for the year credited to Income & Expenditure A/c 42,800

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Subscription A/c

Date Particulars Amt Date Particulars Amt

31/12/20 To O/s Sub. A/c 1,600 31/12/20 By Cash A/c 42,000
31/12/20 To Adv. Sub. A/c 600 31/12/20 By O/s Sub. A/c 3,000
31/12/20 To I & E A/c 42,800
45,000 45,000

Outstanding Subscription A/c

Date Particulars Amt Date Particulars Amt

1/1/20 To Balance b/d 1,600 31/12/20 By Subscription A/c 1,600
31/12/20 To Subscription A/c 3,000 31/12/20 By Balance c/d 3,000
4,600 4,600

Subscription Received in Advance A/c

Date Particulars Amt Date Particulars Amt

31/12/20 To Balance c/d 600 31/12/20 By Subscription A/c 600
600 600
Q.7 (c).
Salaries A/c
Date Particulars Amt Date Particulars Amt
1/4/19 To P/P Salary A/c 400 1/4/19 By O/s Salary A/c 1,400
31/3/20 To Cash A/c 23,000 31/3/20 By P/P Salary A/c 600
31/3/20 To O/s Salary A/c 1,800 31/3/20 By I & E A/c 23,200
25,200 25,200

Outstanding Salaries A/c

Date Particulars Amt Date Particulars Amt
1/4/19 To Salary A/c 1,400 1/4/19 By Balance b/d 1,400
31/3/20 To Balance c/d 1,800 31/3/20 By Salary A/c 1,800
3,200 3,200

Prepaid Salaries A/c

Date Particulars Amt Date Particulars Amt

1/4/19 To Balance b/d 400 1/4/19 By Salary A/c 400
31/3/20 To Salary A/c 600 31/3/20 By Balance c/d 600
1,000 1,000

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Q.7 (d).
Income & Expenditure A/c of Sachin Cricket Club
for the year ended 31st March 2020 (EXTRACT)

Particulars Amt Particulars Amt Amt

By Subscription Recd 6,45,000
Less: Op. O/s (12,000)
Less: Cl. Advance (18,000)
Add: Cl. O/s 1,35,000 7,50,000

Balance Sheet of Sachin Cricket Club as on 31st March 2019 (EXTRACT)

Liabilities Amt Assets Amt

O/s Subscription (18 – 19)) 27,000
(12,000 + 15,000)

Balance Sheet of Sachin Cricket Club as on 31st March 2020 (EXTRACT)

Liabilities Amt Assets Amt

Advance Subscription 18,000 O/s Subscription
(2020 – 2021) 2018 – 19 15,000
2019 – 20 1,35,000

Q.8 (a)
Journal Of Noida School

L. Debit Credit
Date Particulars
F. (`) (`)
1 Bank A/c Dr. 5,60,000
To Building Fund A/c 5,60,000
(Being Donation received for
Building Fund)

2. Bank A/c Dr. 9,02,600

To Building Fund A/c 9,02,600
(Being 40% of Development
Fees trfd.to Building Fund)

3 Contractor’s A/c Dr. 6,18,750

To Bank A/c 6,18,750
(Being 75% amt.paid)

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4 Fixed Deposit A/c Dr. 90,000

To Interest A/c 90,000
(Being Interest accrued on FD)

5 Interest A/c Dr. 90,000

To Building Fund A/c 90,000
(Being Interest trfd. to Building
Fund)

6 Capital WIP A/c Dr. 7,25,000

To Contractor’s A/c 7,25,000
(Being work done by contractor)

7 Contractor’s A/c Dr. 9,31,250

To Bank A/c 9,31,250
(Being amt.paid to contractor)

8 Building A/c Dr. 15,50,000

To Capital WIP A/c 15,50,000
(Being Building capitalised)

9 Building Fund A/c Dr. 15,50,000

To General Fund A/c 15,50,000
(Being Building Fund trfd.to
General Fund)

Q.8 (b).

Journal of a Club

L. Debit Credit
Date Particulars
F. (`) (`)
1 Bank A/c Dr. 5,000
To Prize Fund A/c 5,000
(Being Donation received)

2 Bank A/c Dr. 1,000

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To Interest on PF Investments 1,000

(Being Interest received)

3 Interest on PF Investments A/c Dr. 1,000

To Prize Fund A/c 1,000
(Being Interest trfd.to Prize Fund)

4 Prizes Awarded A/c Dr. 2,000

To Bank A/c 2,000
(Being Prizes given)

5 Prize Fund A/c Dr. 2,000

To Prizes Awarded A/c 2,000
(Being Prizes given trfd. to Prize Fund)

Balance Sheet as on 31st March 2020 (EXTRACTS)

Liabilities Amt Amt Assets Amt

Prize Fund 25,000 PF Investments 20,000
Add: Donation Recd. 5,000
Add: Interest on PF Invst 1,000
31,000
Less: Prizes Awarded (2,000) 29,000

Q.9
Receipts & Payments A/c of Bombay Swimming Club
for the year ended 31st March 2020

Receipts Amount Payments Amount

To Balance b/d 1,800 By Salaries 24,000
To Subscription 80,000 By Stationery 1,400
To Donation 8,000 By Postage & Telephone 3,300
To Billiard Table Coll. 7,000 By Rates & Taxes 6,000
To Profit on Annual Meet 12,000 By Repairs 8,000
To Income from Invest. 2,700 By Insurance 1,200
By Printing of Souvenir 2,000
By Electricity Charges 5,600
By Billiard Room Expenses 3,000
By Miscellaneous Expense 9,400
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J.K.SHAH CLASSES CA FOUNDATION - ACCOUNTANCY

By Investments 20,000
By Club Assets 6,000
By Balance c/d 21,600
1,11,500 1,11,500

Balance Sheet of Bombay Swimming Club as on 31st March 2020

Liabilities Amt Amt Assets Amt Amt

Capital Fund 74,800 Club Assets 48,000
Add: Surplus 41,300 1,16,100 Add: Purchase 6,000
54,000
Adv. Subscription 10,000 Less: Dep. (2,000) 52,000
O/s Telephone 200 O/s Subscription 5,000
Stationery Stock 400
Electricity P/P 300
Cash in Bank 21,600
Investments 47,000
1,26,300 1,26,300

Working Note:

Balance Sheet of Bombay Swimming Club as on 1st April 2019

Liabilities Amount Assets Amount

Capital Fund 74,800 Club Assets 48,000
Advance Subscription 6,000 O/s Subscription 3,000
O/s Telephone 300 Stationery Stock 600
Electricity Prepaid 700
Cash in Bank 1,800
Investments 27,000
81,100 81,100

Q.10
Balance Sheet of S.S.Hospital as on 1st April 2019

Liabilities Amount Assets Amount

Capital Fund 2,75,400 Cash Balance 600
Bank Balance 7,000
Endowment Fund 1,80,000 Government Securities 1,80,000
(FV 2,00,000)

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Land 50,000
O/s Salaries 1,500 Building 2,00,000
Furniture 3,000
O/s Rent & Taxes 200 Instruments 4,000
O/s Subscription 10,000
Accrued Interest 2,500
4,57,100 4,57,100

Balance Sheet of S.S.Hospital as on 31st March 2020

Liabilities Amt Amt Assets Amt Amt

Capital Fund 2,75,400 Cash Balance 1,800
Add: Surplus 6,150 2,81,550 Bank Balance 17,000
Govt. Securities 1,80,000
Endowment Fund 1,80,000 (FV 2,00,000)
Land 50,000
O/s Salaries 1,000 Building 2,00,000
Less: Dep. (5,000) 1,95,000
O/s Rent & Tax 250 Furniture 3,000
Add: Purchased 1,000
4,000
Less: Dep. (400) 3,600
Instruments 4,000
Add: Purchased 2,000
6,000
Less: Dep. (1,200) 4,800
O/s Subscription 8,000
Accrued Interest 2,500
P/P Insurance 100
4,62,800 4,62,800

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Q.11

Receipts & Payments A/c of Delhi Club for the year ended 31st March 2020

Receipts Amount Payments Amount

To Donation 2,00,000 By Land 10,000
To Entrance Fees 17,000 By Furniture 1,30,000
To Subscription 19,000 By Salaries 4,800
To Locker Rent 600 By Maintenance 1,000
To Sundry Income 1,060 By Rent 8,000
To Refreshment 16,000 By Refreshment 8,000
By Library Books 25,000
By 9% Govt.Bonds 1,60,000
To Balance c/d 1,08,140 By FD with Bank 15,000
3,61,800 3,61,800

Income & Expenditure A/c of Delhi Club for the year ended 31st March 2020

Particulars Amt Amt Particulars Amt Amt

To Salaries 4,800 By Entrance Fees 17,000
Add: O/s 200 5,000 By Subscription 19,000
To Maintenance 1,000 Add: Cl. O/s 1,000 20,000
Add: O/s 1,000 2,000 By Locker Rent 600
To Rent 8,000 By Sundry Income 1,060
To Refreshments 8,000 Add: Cl. O/s 540 1,600
To Depreciation: By Refreshments 16,000
Furniture 14,600
Library Books 2,500 17,100
To Surplus 15,100
55,200 55,200

Balance Sheet of Delhi Club as on 31st March 2020

Liabilities Amt Amt Assets Amt Amt

Capital Fund Land 10,000
Add: Donation 25,000 Furniture 1,46,000
Add: Surplus 15,100 40,100 Less: Dep. 10% (14,600) 1,31,400
Library Books 25,000
Donation 2,00,000 Less: Dep. 10% (2,500) 22,500

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Less: Trf.to Cap. 9% Govt. Bonds 1,60,000

Fund (25,000) 1,75,000 FD with Bank 15,000
O/s Salaries 200 Subscription O/s 1,000
O/s Maintenance 1,000 Sundry Income
Bank O/D 1,08,140 Receivable 540
Creditors Furn. 16,000
3,40,440 3,40,440

Q.12
Income & Expenditure A/c of Bharat Educational Society
for the year ended 31st March 2020

Particulars Amt Amt Particulars Amt Amt

To Staff Salaries 10,200 By Exam Fees 2,400
Add: O/s 1,800 12,000 By Subscription 20,000
To Print. & Stat. 1,000 Add: Cl. O/s 4,500
To Taxes & Ins. 800 Less: Cl. Adv. (500) 24,000
Less:Prepaid (500) 300 By Cert. Fees 500
To Exam. Exp. 600 By Hire Charges 6,500
To General Exp. 375
To Sub. Periodicals 1,200 By Int. on Invst. 5,500
To Depreciation: Add: Int. Accrued 450 5,950
Library Books 3,270 By Sundry receipts 600
Furniture 785
Building 13,750 17,805
To Surplus 6,670
39,950 39,950

Balance Sheet of Bharat Educational Society as on 31st March 2020

Liabilities Amt Amt Assets Amt Amt

Capital Fund 3,89,000 Building 2,75,000
Add: Entrance Fee 15,200 Less: Dep.5% (13,750) 2,61,250
Add: Donation 18,000 Furniture 12,500
Add: Surplus 6,670 4,28,870 Add: Purchased 3,200
15,700
Investments Less: Dep.5% (785) 14,915
Reserve Fund 15,000 Library Books 17,500
Add: Purchased 4,300
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Creditors 14,500 21,800

Less: Dep.15% (3,270) 18,530
Gen. Invest. 1,50,000
Prize Trust Fund 16,000 (MV 1,30,000)
Add: Interest 800 Prize Trust Fund
16,800 Investments 15,800
Less: Prize Given (450) 16,350 Prize Fund Bank 275
O/s Salaries 1,800 O/s Subscription 4,500
Adv. Subscription 500 P/P Taxes 500
Accrued Interest 450
Debtors 5,000
Cash at Bank 5,500
Cash at Office 300
4,77,020 4,77,020

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