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

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

12th Standard

    Reg.No. :
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Accountancy

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

    Part I

    5 x 5 = 25

  1. From the following particulars of Poompuhar Literary Association, prepare Receipts and Payments account for the year ended 31st March, 2019.

    Particulars Rs. Particulars Rs.
    Opening cash in hand as on 1.4.2018 5,000 Subscriptions received 20,000
    Bank overdraft as on 1.4.2018 4,000 Repairs and renewals 2,500
    Printing and stationery 1,500 Conveyance paid 2,750
    Interest paid 3,250 Books purchased 10,000
    Sale of investments 1,000 Insurance premium paid 4,000
    Purchase of refreshments 1,500 Sundry receipts 750
    Outstanding salary 2,000 Government grants received 6,000
    Endowment fund receipts 2,000 Sale of refreshments 1,500
    Lighting charges 1,300 Depreciation on buildings 2,000
        Cash at bank on 31.03.2019 2,000

  2. From the following Receipts and Payments Account of Friends Football club, for the year ending 31st March, 2017, prepare Income and Expenditure Account for the year ending 31st March, 2017 and the Balance sheet as on that date.
    In the books of Friends Football Club

    Dr. Receipts and Payments Account for the year ended 31st March, 2017 Cr.
    Receipts Rs. Rs. Payments Rs. Rs.
    To Balance b/d     By Furniture     7,000
    Cash 1,000   By Sports materials purchased   800
    Bank 10,000 11,000 By Special dinner expenses   1,500
    To Subscriptions   5,000 By Electricity charges   900
    To Legacies   6,000 By Balance c/d    
    To Collection for special     Cash in hand 1,800  
    dinner   2,000 Cash at bank 12,000 13,800
        24,000     24,000

    Additional information:
    (i) The club had furniture of Rs. 12,000 on 1st April 2016. Ignore depreciation on furniture.
    (ii) Subscription outstanding for 2016 - 2017 Rs. 600.
    (iii) Stock of sports materials on 31.03.2017 Rs. 100.
    (iv) Capital fund as on 1st April 2016 was Rs. 23,000.

  3. From the following Receipts and Payments account of Coimbatore Cricket Club for the year ending 31st March 2016, prepare income and expenditure account for the year ending 31st March, 2016 and a balance sheet as on that date.

    In the books of Coimbatore Cricket Club Receipts and Payments Account for the year ending 31st March, 2016
    Receipts Rs. Payments Rs.
    To Balance b/d:   By Maintenance 5,000
    Cash at bank 8,000 By Furniture 15,000
    To Subscriptions 11,000 By Tournament expenses 1,400
    To Sale of old bats and balls 100 By Secretary’s honorarium 4,500
    To Subscription for tournament 2,000 By Bats and balls 7,400
    To Legacies 20,000 By Balance c/d:  
        Cash at bank 7,800
      41,100   41,100

    Additional information:
    On 1st April, 2015 the club had stock of balls and bats Rs. 3,000 and an advance subscription of Rs. 500. Surplus on account of tournament should be kept in reserve for permanent pavilion.Subscription due on 31.03.2016 was Rs. 2,000. Stock of bats and balls on 31.3.2016 was Rs. 1,000.

  4. The following is the Receipts and Payments account of Madurai City Club for the year ending 31st March, 2018.

    Madurai City Club
    Dr. Receipts and Payments Account for the year ended 31st March, 2018 Cr
    Receipts Rs. Rs. Payments Rs. Rs.
    To Balance b/d:     By Upkeep of ground   16,500
    Cash 500   By Match expenses   19,000
    Bank 7,000 7,500 By Sundry expenses   11,000
    To Subscription (including          
    Rs. 4,000 for 2016-2017)    30,000 By Balance c/d:    
    To Legacies   9,000 Cash in hand 1,500  
    To Hall rent   10,000 Cash at bank 11,000 12,500
    To Receipts for match fund   22,500      
        79,000     79,000

    Additional information:
    On 1st April, 2017, the club had investment of Rs. 40,000. The club also had a credit balance of Rs. 30,000 in Match fund account. On 31st March, 2017 subscriptions in arrears were Rs. 4,000and the subscriptions in arrears on 31st March, 2018 were Rs. 4,500. Prepare the final accounts.

  5. From the information given below, prepare Receipts and Payments account of Madurai Mother Theresa Mahalir Mandram for the year ended 31st December, 2018

    Particulars Rs. Particulars Rs.
    Cash balance as on 1.1.2018 2,000 Fire Insurance premium paid 1,500
    Bank balance as on 1.1.2018 3,000 Subscription received 8,500
    Sale of old newspapers 500 Furniture purchased 6,000
    Stationery purchased 6,000 Purchase of newspapers 700
    Audit fees paid 2,000 Depreciation on furniture 900
    Entrance fees received 3,000 Cash balance as on 31.12.2018 2,500
    Sundry charges 6,000 Conveyance paid 1,000
    Scholarships given 2,000 Sale of furniture 4,000
    Interest on investments 2,000    

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