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12th Standard English Medium Accountancy Subject Accounts of Not-For-Profit Organisation Book Back 5 Mark Questions with Solution Part - I Question Bank Software Jun-03 , 2021

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12th Standard English Medium Accountancy Subject Accounts of Not-For-Profit Organisation Book Back 5 Mark Questions with Solution Part - I

12th Standard English Medium Accountancy Subject Accounts of Not-For-Profit Organisation Book Back 5 Mark Questions with Solution Part - I

12th Standard

    Reg.No. :
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Accountancy

Time : 00:30:00 Hrs
Total Marks : 25

    Part I

    5 x 5 = 25

  1. Mayiladuthurai Recreation Club gives you the following details. Prepare Receipts and Payments account for the year ended 31st March, 2019.

    Particulars Rs. Particulars Rs.
    Opening cash balance 15,000 Salary of watchman 12,000
    Opening bank balance 25,000 Club annual day expenses 15,000
    Donations received 48,000 Lighting charges 16,500
    Sale of old equipment 26,000 Entertainment expenses 13,500
    Refreshment charges 13,000 Billiards table purchased 5,000
    Club annual day collections 18,000 Expenses of charity show 3,000
    Construction of tennis court 7,000 Sale of investments 12,000
    Receipts from charity show 4,000 Closing cash balance 12,000
    Rent paid 1,000    

  2. From the following receipts and payments account of Tenkasi Thiruvalluvar Manram, prepare income and expenditure account for the year ended 31st March, 2019.

    Receipts Rs. Payments Rs.
    To Balance b/d   By Salaries 20,000
    Cash in hand 14,000 By Rent 24,000
    To Interest received 5,000 By Travelling expenses 2,000
    To Subscription 55,000 By Printing and stationery 6,000
    To Legacies 48,000 By Investments made 50,000
    To Entrance fees 7,000 By Sports equipment purchased 33,000
    To Sale of furniture 16,000 By Balance c/d  
    (Book value: Rs.7,000)   Cash in hand 10,000
      1,45,000   1,45,000

  3. From the following Receipts and Payment account and from the information given below of Ramanathapuram Sports Club, prepare Income and Expenditure account for the year ended 31st December, 2018 and the balance sheet as on that date.

    Receipts Rs. Rs. Payments Rs. Rs.
    To Balance b/d     By Rent   11,000
    Cash in hand 5,000   By Entertainment    
    Cash at bank 10,000 15,000 expenses   11,200
    To Subscription     By Furniture   10,000
    2017 12,000   By Sports materials    
    2018 33,000   purchased   13,000
    2019 16,000 61,000 By Match expenses   12,000
    To Entrance fees   6,000 By Investments made   28,000
    To General donations   7,000 By Balance c/d    
    To Sale of old sports     Cash in hand 1,300  
    materials   1,000 Cash at bank 4,000 5,300
    To Miscellaneous          
    receipts   500      
        90,500     90,500

    Additional information:
    (i) Capital fund as on 1st January 2018 Rs. 30,000.
    (ii) Opening stock of sports material Rs. 3,000 and closing stock of sports material Rs. 5,000.

  4. Following is the Receipts and Payments account of Neyveli Science Club for the year ended 31st December, 2018

    Dr. Receipts and Payments Account for the year ended 31st December, 2018 Cr
    Receipts Rs. Payments Rs. Rs.
    To Balance b/d   By Balance b/d    
    Cash in hand 2,400 Bank overdraft   1,000
    To Subscription 8,700 By Postage expenses   200
    To Life membership fees 5,000 By Science equipments    
    To Exhibition fund receipts 7,000 purchased   10,000
    To Sale of science   By Laboratory expenses   2,400
    equipments (Book value Rs.5,000) 6,000 By Audit fees   3,600
    To Miscellaneous income 500 By General charges   1,800
        By Exhibition expenses   5,000
        By Balance c/d    
        Cash in hand 200  
        Cash at bank 400 600
        Cash at bank 400 600
      29,600     29,600

    Additional information:
    (i) Opening capital fund Rs. 6,400
    (ii) Subscription includes Rs. 600 for the year 2019
    (iii) Science equipment as on 1.1.2018 Rs. 5,000
    (iv) Surplus on account of exhibition should be kept in reserve for new auditorium.
    Prepare income and expenditure account for the year ended 31st December, 2018 and the balance sheet as on that date

  5. Following is the Receipts and payments account of Virudhunagar Volleyball Association for the year ended 31st December, 2018

    Dr. Receipts and Payments Account for the year ended 31st December, 2018 Cr.
    Receipts Rs. Rs. Payments Rs. Rs.
    To balance b/d     By Match expenses   25,000
    Cash in hand   5,000 By Upkeep of pavilion   17,000
    To Subscription     By Secretary’s honorarium   18,000
    2017 10,000   By Bats and balls purchased   22,000
    2018 55,000   By Grass seeds   2,000
    2019 5,000 70,000 By Fixed deposit   58,000
    To Donations   40,000 By Sundry expenses    
    To Match fund receipts   30,000 By Balance c/d    
    To Interest on fixed deposit   8,000 Cash in hand 7,000  
    To Miscellaneous receipts   5,000 Cash at bank 6,000 13,000
        1,58,000     1,58,000

    Additional information:
    (i) On 1.1.2018, the association owned investments Rs. 10,000, premises and grounds Rs. 40,000, stock of bats and balls Rs. 5,000.
    (ii) Subscription Rs. 5,000 related to 2017 is still due.
    (iii) Subscription due for the year 2018,Rs. 6,000.
    Prepare income and expenditure account for the year ended 31st December, 2018 and the balance sheet as on that date

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