From the Receipt and Payment Account given below, prepare the Income and Expenditure Account of clean Delhi club for the year ended March 31, 2017

Dr Receipt and Payment Account for the year ending March 31^st, 2017 Cr

Receipts	Rs	Payments	Rs
To Balance b/d		By Salary	1,500
Cash in hand	3200	By Rent	800
To Subscriptions	22,500	By Electricity	3,500
To Entrance fees	1,250	By Taxes	1,700
To Donations	2,500	By Printing stationery	380
To Rent of hall	750	By Sundry expenses	920
To Sale of investment	3,000	By Books purchased	7,500
		By Fixed deposit with bank	5,000
		(on31-3-2014)
		By Balance c/d
		Cash in hand 400
		Cash at bank 1,500	1,900
	33,200		33,200

From the following Receipt and Payment Account for the year ending 31^st March 2015 of crickets club. Prepare Income and Expenditure Account for the same period:

Dr Receipt and Payment Account for the year ending March 31, 2015 Cr

Receipts	Rs	Payments	Rs
To Balance c/d	25,000	By Purchase of furniture (1.7.14)	5,000
Bank	25,000	By Salaries	2,000
To Subscriptions		By Electricity charges	600
2014   1,500		By Postage and stationery	150
2015  10,000		By Purchase of books	2,500
2016    500	12,000	By Entertainment expenses	900
To Donation	2,000	papers (1.7.14	8000
To Hall rent	300	By Miscellaneous expenses	600
To Interest on bank deposits	450	By Balance c/d
To Entrance fees	1,000	Cash	300
		Bank	20,400
	40,750		40,750

The following additional information is available:
(i) Salaries outstanding Rs. 1,500
(ii) Entertainment expenses outstanding Rs. 500
(Hi) Bank interest receivable Rs. 150
(iv) Subscription accrued Rs. 400
(v) 50 percent of entrance fees is to capitalised
(vi) Furniture is to be depreciated at 10percent per annum

From the following balances prepare a balance sheet as on 31^st1March 2016.

Rs

Cash in hand	12,000
Cash at bank	8,000
Books	16,000
Billiard Table	24,000
Furniture	30,000
Investment	30,000
Prepaid expenses	20,000
Building	1,00,000
Outstanding expenses	40,000
Subscription received in advance	24,000
Subscription accrued	20,000
Surplus (Income over
expenditure)	20,000

Following is the receipts and payments accounts of Literacy club for the year ended 31^st March 2016

Receipts	Rs.	Rs.	Payments	Rs.
To Balance c/d		19,550	By Salary	3,000
			By News papers	2,050
To Subscribtions			By Electricity bill	1,000
2014·2015	1,200		By Fixed deposit	20,000
2015·2016	26,500		(on 1st July, 2015 @
	500		9% per annum
		28,200	By Books	10,600
			By Rent	6,800
To slae old news paper		1,250	By Furniture	10,500
To Government grants		10,000	By Balance dd	11,200
To sale of old furniture		5,700
(book value Rs.7,000)
To interest on fixed deposits		450
		65,150		65,150

Additional information:
(i) Subscription outstanding as on 31^st March, 2015 were Rs. 2000 and on 31^st March, 2016 Rs. 2,500.
(ii) On 31^st March, 2016 Salary outstanding was Rs. 600 and rent outstanding was Rs. 1,200.
(iii) The club owned furniture Rs. 15,000 and books Rs. 7,000 on 1st April, 2015. Prepare income and expenditure account of the dub for the year ended 31^st March 2016 and as certain capital fund on 31^st March, 2015. Also prepare a balance sheet as on 31^st March, 2016.

From the following Receipts and Payments Account of Trichy, Rotary club, prepare Income and Expenditure Account for the year ended 31.03.2019

Receipts	Rs	Paymenta	Rs
To Opening Balance		By Furniture Purchased	10,000
Cash in hand	11,000	By Rent	2,800
To Sale of old newspaper	3,600	By Postage	1,700
To Member's Subscription	31,000	By General expenses	4,350
To Locker rent	8,000	By Printing and stationery	45,000
To Interest on investments	1,250	By Audit fees	5,000
To Sale of furniture	5,000	By Closing balance
		Cash in hand	3,000

How will the following appear in the final account of a club for the year 2017-2018?

Particulars	Rs
Prize fund on 1.4.2017	50,000
Prize fund investment on 1.4.2017	50,000
Interest received on prize fund investment	5,000
Prizes distributed	6,000
Donation received for prize fund	10,000

Particulars	Amt(Rs.)
Subscription received during 2013-14	50,000
Subscription outstanding on 31.03.13	20,000
Subscription outstanding for 2013-2014	6,000
Subscription received in Advance 31.3.13	8,000
Subscription received advance as 31.03.14	9,000

Subscription of Rs. 9000 is still in arears for the year 2012-2013 prepare Income and expenditure Account for 2013 2014.

Particulars	Amt(Rs.)
Stationery stock on 1.4.2013	50,000
Stock in stationery 31 .13.14	40,000
Amount paid for stationery during the year	2,00,000
Creditors for stationery 1.04.2013	20,000
Creditors for stationery as 31.03.14	10,000

 

Distinction between Receipts and Payments Account and Cash book.

On the basis of following information. Calculate the amount debited to stationery Account in Income and Expenditure Account for the year ended 31-03-2016.

Particulars	Amt(Rs.)
Stock of Stationery on 01.4.2015	3,000
Creditors for stationery 01.04.2015	2,000
Amount-paid for stationery 2015	10,800
Stock of Stationery	500
Creditors for stationery on 31,3.2016	1,300

Also show the above items in the income and Expend.iture Account for the year ended 31.03.16

Calculate the amount of medicines consumed to be shown Income and Expenditure Account 31.3.2016.

Particulars	1.04.2015	31.03.16
Stock of medicines	3,000	500
Creditors for medicines	2,000	1,300
Admnce paid for medicines 31.03.2016	-	1,300
Advance paid for medtcines 2014-15	-	200
Amount for mdicines 2015-16		10,900

The following items relating to Tournament for the year 2000. Show how these items appeared in the Balance sheet.

Sheet	Rs.
Tournament Fund 1.1.2000	4,00,000
Fund Investment 1.1.2000	3,90,000
Fund Bank Balance in 1.1.2000	10,000
lnterest on investment received in 2000	45,000
Tournament entrance fee received	20,000
Tournament expenses	1,80,000
Cash received from Sale of investment at par	1,20,000

Find out the amount of salaries to be debited to income and expenditure account for 1999.

Particulars	Amt(Rs.)
Payment made for salaries during 1999	4,800
Outstanding salary as on 31.12.1998	2,000
Outstanding salary as on 31.12.99	3,200
Prepaid salary 31.12.98	1,200
Prepaid salary 31.12,99	1,600

What are the steps in preparation of income and Expenditure from Receipts and payments account?

Following is the summary of cash transactions of friends. CIub for the year ended 31^st March 2016. prepare Income and expenditure Acdount for the year ended 31" march 2016, and also Balance sheet at that date.

Dr.                                  ReceiPts and Payments account                                  Cr

Receipts	Rs.	Payments	Rs.
To Cash in hand	1,41,300	By Rent and Rates	86,100
Tb Entrance  fees	55,200	By Salaries	1,09;000
To Strbscription	2,20,000	By Electric charges	6,200'
To Donations	1,06,100	By Genral exp.	12,500
To insert	4,100	By Books	31,200
To Surplus	8,200	By Office expenses	45,000
		By Investments	1,40,000
		By Cash at bank	61,900
		By Cash in hand	43,000
	5,34,900		5,34,900

Additional Information :
(i) ln the beginning of the year the club bad books worth Rs.3,00,000 and Furniture worth Rs.58,000.
(ii) Subscription in Arrear 1st April 2015.were Rs.6,000 & Rs.7,000.On 31^st March 2016.
(iii) Rs.18,000 was due by of Rent in the beginning as well as at,the end of the year.
(iv) Write of f Rs.5,000 frottr Furniture and Rs.30,000 from books.