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12th Standard Accountancy English Medium - Accounts of Not-For-Profit Organisation 5 Mark Book Back Question Paper and Answer Key 2022 - 2023

Published on: 30/08/2022

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Questions:

Generic 5

22 x 5 = 110

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

Dr. Receipts and Payments Account for the year ended 31^st 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 31^st December, 2018 and the balance sheet as on that date

From the following Receipts and Payments account of Sivakasi Pensioner’s Recreation Club, prepare income and expenditure account for the year ended 31^st March, 2018.

Dr. Receipts and Payments Account for the year ended 31st March, 2018 Cr
Receipts	Rs.	Rs.	Payments	Rs.
To balance b/d			By Rent and rates	18,000
Cash in hand	10,000
Cash at bank	20,000	30,000	By Furniture purchased	12,000
To Subscription			By Billiards table purchased	70,000
2016 – 2017	5,000		By Repairs and renewals	16,000
2017 – 2018	25,000		By Special dinner expenses	4,000
2018 – 2019	6,000	36,000	By Sundry expenses	2,000
To Legacies		40,000	By Balance c/d
To Rent from hall		14,000	Cash in hand	1,000
To Collection for special dinner		12,000
To Balance c/d
Bank overdraft		3,000
		1,40,000		1,40,000

Additional information:
(i) The club had 300 members each paying Rs.100 as annual subscription.
(ii) The club had furniture Rs.10,000 on 1.4.2017.
(iii) The subscription still due but not received for the year 2016 – 2017 is Rs. 1,000.

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

Dr. Receipts and Payments Account for the year ended 31^st 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 31^st December, 2018 and the balance sheet as on that date

From the following Receipts and Payment account of Yercaud Youth Association, prepare Income and expenditure account for the year ended 31^st March, 2019 and the balance sheet as on that date.

Dr. Receipts and Payments Account for the year ended 31^st March, 2019 Cr
Receipts	Rs.	Payments	Rs.
To Balance b/d		By Salary	14,000
Cash in hand	9,600	By Office expenses	7,200
To Government grants		By Books purchased	15,000
for purchase of books	10,000	By Stationery purchased	1,800
To Subscription	24,800	By Newspaper purchased	2,100
To Admission fees	2,000	By Prizes awarded	5,000
To Prize fund receipts	6,000	By Balance c/d
To Bank interest	1,500	Cash in hand	9,900
To Sale of newspapers	1,100
	55,000		55,000

Additional information:
(i) Opening capital fund Rs. 20,000.
(ii) Stock of books on 1.4.2018 Rs. 9,200.
(iii) Subscription due but not received Rs. 1,700.
(iv) Stock of stationery on 1.4.2018 Rs. 1,200 and stock of stationery on 31.3.2019, Rs. 2,000

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 31^st 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 1^st January 2018 Rs. 30,000.
(ii) Opening stock of sports material Rs. 3,000 and closing stock of sports material Rs. 5,000.

From the following receipts and payment account, prepare income and expenditure account of Kumbakonam Basket Ball Association for the year ended 31^st March, 2018

Receipts	Rs.	Rs.	Payments	Rs.	Rs.
To Balance b/d			By Rent of ground paid		12,000
Cash in hand	23,000		By Printing charges		5,000
Cash at bank	12,000	35,000	By Bank charges		1,000
To Rent of hall received		6,000	By Insurance for building		2,000
To Subscription received		9,000	By Tournament expenses		16,000
To Life membership fees		7,000	By Audit fees		3,000
To Locker rent received		2,000	By Sports materials purchased		4,000
			By Balance c/d
			Cash in hand	2,000
			Cash at bank	14,000	16,000
		59,000			59,000

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

From the following information, prepare Receipts and Payments account of Cuddalore Kabaddi Association for the year ended 31^st March, 2019

Particulars	Rs.	Particulars	Rs.
Opening cash balance (1.4.2018)	11,000	Interest and bank charges	250
Bank overdraft balance (1.4.2018)	20,000	Miscellaneous income	350
Stationery purchased	5,200	Upkeep of ground	550
Travelling expenses	1,800	Grant from Government	12,000
Dividend received	3,000	Telephone charges paid	2,800
General expenses	500	Endowment fund receipts	10,000
Admission fees	4,000	Insurance premium paid	2,000
Courier charges	2,000	Electricity charges paid	5,000
Municipal taxes paid	3,000	Closing cash balance (31.03.2019)	1,750

Mayiladuthurai Recreation Club gives you the following details. Prepare Receipts and Payments account for the year ended 31^st 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

10.

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

11.

From the information given below, prepare Receipts and Payments account of Coimbatore Cricket Club for the year ending 31st March, 2019.

Particulars	Rs.	Rs.	Particulars	Rs.
Bank overdraft (1.4.2018		6,000	Honorarium paid	2,800
Cash in hand (1.4.2018)		1,000	1,000	700
Wages paid for ground maintenance		2,000	Match expenses	2,600
Subscription received:			Sports material purchased	1,900
Previous year	500		Match fund receipts	5,200
Current year	9,600		Legacies received	2,000
Subsequent year	400	10,500	Cash balance (31.03.2019)	300
Wages yet to be paid		2,200	Donation received for pavilion	2,000
Interest on loan paid		2,000

12.

State the differences between Receipts and Payments Account and Income and Expenditure Account

13.

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

Madurai City Club
Dr. Receipts and Payments Account for the year ended 31^st 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 1^st 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 31^st March, 2017 subscriptions in arrears were Rs. 4,000and the subscriptions in arrears on 31^st March, 2018 were Rs. 4,500. Prepare the final accounts.

14.

The following is the summary of cash transactions of Delhi Literary Club for the year ending 31^st March, 2019

Delhi Literary Club Receipts and Payments Account for the year ending 31^st March, 2019
Receipts	Rs.	Payments	Rs.
To Balance b/d		By Rents and Rates	21,000
Cash in hand	3,200	By Lecture fees	4,500
To Entrance fees	2,300	By Sundry expenses	7,200
To Subscriptions	46,000	By Fixed deposit	40,000
To Life membership fees	2,500	By Balance c/d
To Interest received on fixed deposit	500	Cash in hand	4,300
To Sale of furniture (on 1.4.2018)	22,500
(Book value Rs.25,000)
	77,000		77,000

Additional information
(a) At the beginning of the year the club possessed books worth Rs. 20,000 and furniture worth Rs. 40,000.
(b) Subscription received in advance during the current year amounted to Rs. 1,000. Prepare Income and Expenditure account of the club for the year ending 31^st March, 2019 and the Balance sheet as on that date

15.

From the following Receipts and Payments account of Coimbatore Cricket Club for the year ending 31^st March 2016, prepare income and expenditure account for the year ending 31^st 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 31^stMarch, 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 1^st 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.

16.

Following is the Receipts and Payments Account of Salem Recreation Club for the year ended 31^st March, 2019
In the books of Salem Recreation Club Receipts and Payments Account for the year ended 31^st March, 2019

Dr. Cr.
Receipts	Rs.	Rs.	Payments	Rs.
To Balance b/d:			By Furniture	15,000
Cash in hand		9,000	By Stationery	2,400
To Subscriptions			By Investment	12,500
2018 – 2019	12,500		By Postage	1,000
2019 – 2020	400	12,900	By Balance c/d:
To Proceeds from entertainment		12,000	Cash in hand	3,500
To Sundry receipts		500
		34,400		34,400

Additional information:

(i) There are 450 members each paying annual subscription of Rs. 30.
(ii) Stock of stationery on 31^st March, 2018 Rs. 300 and on March 31, 2019 Rs. 500.
(iii) Capital fund as on 1^st April 2018 was Rs. 9,300.
Prepare income and expenditure account for the year ended 31^st March, 2019 and the balance sheet as on that date.

17.

From the following Receipts and Payments Account of Friends Football club, for the year ending 31^st March, 2017, prepare Income and Expenditure Account for the year ending 31^st 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 31^st 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 1^st 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 1^stApril 2016 was Rs. 23,000.

18.

Compute capital fund of Karur Social Club as on 31.03.2018

Particulars as on 31.03.2018	Rs.
Furniture	50,000
Buildings	40,000
Subscription outstanding for 2017-18	10,000
Subscription received in advance for 2018-19	5,000
Loan borrowed	10,000
Investments	20,000
Cash in hand	4,000
Cash at bank	6,000

19.

From the following Receipts and Payment Account of Trichy Recreation Club, prepare Income and Expenditure Account for the year ended 31.03.2018.d

Receipts	Rs.	Payments	Rs.
To Opening balance		By Furniture purchased	10,000
Cash in hand	11,000	By Rent	2,800
To Dividend received	27,600	By Secretary's honorarium	15,000
To Sale of old newspaper	3,000	By Postage	1,700
To Members’ 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
(Book value Rs. 4,400)		Cash in hand	3,000
	86,850		86,850

20.

From the following particulars of Vellore Recreation Club, prepare Receipts and Payments account for the year ended 31^st March, 2017.

Particulars	Rs.	Particulars	Rs.
Opening cash balance as on 1.4.2016	3,000	Receipts from entertainment	20,000
Opening bank balance as on 1.4.2016	12,000	Admission fees received	1,000
Furniture purchased	11,000	Municipal taxes	22,000
Sports equipment purchased	11,000	Expenses of charity show	2,000
Donation received for pavilion	8,000	Billiards table purchased	15,000
Sale of old tennis balls	1,500	Construction of new tennis court	18,000
Newspapers bought	500	Receipts from charity show	2,500
Travelling expenses	4,500	Closing balance of cash in hand	8,000

21.

From the following particulars of Poompuhar Literary Association, prepare Receipts and Payments account for the year ended 31^st 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

22.

From the following particulars of Chennai Sports Club, prepare Receipts and Payments account for the year ended 31^st March, 2018.

Particulars	Rs.	Particulars	Rs.	Rs.
Opening cash balance as on 1.4.2017	10,000	Subscriptions received
Opening bank balance as on 1.4.2017	15,000	2016 – 2017	4,500
Interest paid	5,000	2017 – 2018	65,000
Depreciation	7,000	2018 – 2019	5,000	74,500
Upkeep of grounds	22,500	Tournament expenses		12,500
Life membership fees received	5,500	Tournament fund receipts		15,000
Bats and balls purchased	13,000	Closing balance of cash (31.3.2018)		5,000

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Answers Key:

Generic 5

22 x 5 = 110

In the books of Virudhunagar volleyball Association Balance sheet as on 31^st December 2017
Liabilities	Rs	Assets	Rs
Capital fund	75,000	Investment	10,000
(Balancing figure)		Subscription
		Outstanding
		(10,000+5000)	15,000
		Cash in hand	5,000
		Premises and grounds	40,000
		Stock of bats and bal	5,000
	75,000		75,000

Dr Income and Expenditure Account for the year ended 31^st December 2018 Cr
Expenditure	Rs	Income	Rs	Rs
To Upkeep of pavilion	17,000	By Subscription current year	55,000
To Secretary's honorarium	18,000	Add: Outstanding	6,000
To Bats and balls 22,0			61,000
Less: Stock 5,000	17,000
To Grass seeds	2,000	Less: Advance	5,000	56,000
To Sundry expenses	3,000	By Donations		40,000
To Excess of income over		By Interest on fixed deposit		8,000
expenditure (surplus	52,000	By Miscellaneous recei		5,000
	1,09,000			1,09,000

Balancesheet as on 31^stDecember 2018
Liabilities	Rs	Rs	Assets	Rs	Rs
Capital fund	75,000		Fixed deposit		58,000
Add Excess of income over			Cash in hand	7,000
expenditure (Surplus)	52,000		Cash at bank	6,000	13,000
		1,27,000	Investments
			Premises and
Subscriptions received in		5,000	grounds		40,000
advance			Stock of bats and balls		5,000
			Subscriptions
			Subscriptions		6,000
		1,32,000			1,32,000

Dr In the books of Sivakasi pensioner's recreation dub Balance sheet as on 31st December 2018 Cr
Liabilities	Rs	Assets	Rs	Rs
Capital fund	46,000	Subscriptions		6,000
(Balancing figure)		Cash in hand	10,000
		Cash at bank	20,000	30,000
		Furniture		10,000
	46,000			46,000

Dr LIncome and Expenditure Account for the year ended 31st March, 2018 Cr
Expenditure	Rs	Income	Rs	Rs
To Rent and rates	18,000	By Rent from hall		14,000
To Electricity charges	17,000	By Lockers rent		5,000
To Repairs and renew	16,000	By Subscription	25,000
To Sundry expenses	2,000	Add: Outstanding	5,000	30,000
To Special dinner expe	4,000	By Collection for
To Excess of income over		special dinner		12,000
expenses (surplus)	4,000
	61,000			61,000

Balance sheet as on 31st December 2018
Liabilities	Rs	Rs	Assets	Rs	Rs
Capital fund	46,000		Cash in hand		1,000
Add: Surplus	4,000	50,000	Billidards table
Legacies		40,000	Purchased		70,000
Subscription received		6,000	Furniture purchased	12,000
Bank overdraft		3,000	Add: Stock	10,000	22,000
			Subscription in arrear		5,000
			(2017)
			Subscription prepaid		1000
		99000			99,000

Dr In the books of Neyveli science club Income and Expenditure Account for the year ended 31^st December 2018 Cr
Expenditure	Rs	Income	Rs	Rs
To Postage expenses	200	By Subscription	8,700
To Laboratory expenses	2,400	Less: Subscription
To Secretary's honorarium	5,000	advance	600	8,100
To Audit fees	3,600	By Profit on sale of
To General charges	1,800	science equipment
		books		1,000
		By Miscellaneous
		income		500
		By Reserve fund	7,000
		Less: Exhibition	5,000	2,000
		expenses
		By Excess of
		expenditure ov		1400
	13,000	income (deficit)		13,000

Balance sheet as on 31^stDecember 2018
Liabilities	Rs	Rs	Assets	Rs	Rs
Opening capital	6,400		Cash in hand 200	200
Less: Excess of expenditure			Cash at bank 400	400	600
over income (deficit	1,400	5,000	Science equipment		10,000
Life membership fees		5,000
Subscription advance		600
		10,600			10,600

Dr Income and Expenditure Account for the year ended 31^st March, 2019 Cr
Expenditure	Rs	Rs	Income	Rs	Rs
To Salary		14,000	By Subscription	24,800
To Office expenses		7,200	Add: Subscription
To Stationery	1,800		not received	1,700	26,500
Add: Opening stock	1200		By Admission fees		2,000
	3,000		By Bank interest
Less: Closing stock	2000	1,000	By Sale of		1,500
To Newspaper purchased		2,100	newspapers		1,100
To Prizes awarded		5,000	By Government
To Excess of income over		11,800	grants		10,000
expenditure (surplus)
		41,100			41,100

Balance sheet as on 31^st March, 2018
Liabilities	Rs	Rs	Assets	Rs	Rs
Capital fund	20,000		Books: Purchased	15,000
Add: Excess of income over			Add: Opening stock	9,200	24,200
expenditure (surplus	11,800	31,800	Cash in hand		9,900
Prize fund receipts		6,000	Stock of stationery		2,000
			Subscription recurred		1,700
		37,800			37,800

Dr In the books of Ramanatha puram sports club Income and Expenditure Account for the year
31^st December, 2018 Dr
Expenditure	Rs	Rs	Income	Rs
To Rent		11,000	By Subscription	33,000
To Entertaiment expenses		11,200	By Entrance fees	6,000
To match expenses		12,000	By General donations	7,000
To Sports materials (Opening)	3,000		By Sale of old sports materials	1,000
dd: Purchased	13,000		By Miscellaneous receipts	500
	16,000
Less: Closing stock	5,000
		11,000
To Surplus (Excess income over expenditure)		2,300
		47,500		47,500

Balance sheet as on 31^st December, 2018
Liabilities	Rs	Rs	Assets	Rs	Rs
Capital fund	30,000		Cash in hand	1,300
Add: Excess of income over expenditure (surplus)	2,300	32,300	Furniture		10,000
Subscription advance	16,000		Investments		28,000
			Stock of stationary		5,000
		48,800			48,300

kumbakonam basketball association
Dr Income Expenditure A/c for the year ended 31^st March, 2018 Cr
Expenditure	Rs	Income	Rs
To Rent of ground	12,000	By Rent of hall received	6,000
To Printing Charges	5,000	By Subscription received	9,000
To Bank charges	1,000	By Locker rent received	2,000
To Tournament expenses	16,000	By Deficit	26,000
To Audit fees	3,000	(Excess of expenditure over income)
To Sports materials purchased	4,000
To Insurance for building	2,000
	43,000		43,000

Dr In the books of Tenkasi Thiruvalluvar Manram Income and Expenditure Account for the year ended 31^st March, 2019 Cr Expenditure Rs Income Rs To Rent 24,000 By Interest received 5,000 To Travelling expenses 2,000 By Subscription 55,000 To Salaries 20,000 By Entrance fees 7,000 To Printing and stationary 6,000 To Loss on sale of furniture 1,000 To Surplus 14,000 (Excess of income over penditure) 67,000 67,000

Dr In the books of Cuddalore Kabaddi Association Receipts and Payments Account for the year ended 31^st March 2019 Cr
Receipts	Rs.	Payments	Rs.
To Balance b/d		By Balance b/d
Cash in hand	11,000	Bank overdraft	20,000
To Dividend received	3,000	By Stationery purchased	5,200
To Admission fees	4,000	By Travelling expenses	1,800
To Grant from		By General expenses	500
government	12,000	By Courier charges	2,000
To Endowment fund		By Municipal taxes paid	3,000
receipt	10,000	By Interest on bank charges	250
To Miscellaneous income	350	By Upkeep of grou	550
To Balance cld	4,500	By Telephone charges paid	2,800
(Bank overdraft)		By Insurance premium paid	2,000
		By Electricity charges	5,000
		By Balance c/d
		Cash in hand	1,750
	44,850		44,850

Dr In the books of Mayiladuthurai Recreation club Receipts and Payments Account for the year ended 31^st March, 2019 Cr
Receipts	Rs.	Rs.	Payments	Rs.
To Balance b/d			By Refreshments charges	l3,000
Cash in hand	15,000		By Construction of tennis
Cash at bank	25,000	40,000	cocert	7,000
To Donation received		48,000	By Rent paid	1,000
To Sale of old equipment		26,000	By Salary of watchman	12,000
To Club annual day			By Club annual day expenses	15,000
To Receipts from charity show		4,000	By Entertainment expenses	13,500
To Sale of investments		12,000	By Billiards table purchased	5,000
			By Expenses of charity show	3,000
			By Balance cld
			Cash in hand	12,000
			Cash at bank	50,000
		1,48,000		1,48,000

10.

Dr.In the books of Madurai Mother Theresa Mahalir Mandram Receipts and payments Accounts for the year ended 31^stDecember 2018 cr
Receipts	Rs.	Rs.	Payments	Rs.
To Balance bid			By stationery purchased	6,000
Cash in hand	2,000		By Audit fees paid	2,000
Cash at bank	3,000	5,000	By Scholarship given	2,000
To Sale of old news papers		5,00	By Sundry charges	6,000
To Entrance fees received		3,000	By Fire insurance premium paid	1,500
To Subscription received		8,500	By Furniture purchased	6,000
To Sales of furniture		4,000	By Purchase of news papers	700
To Interest on investment		2,000	By Conveyance paid	1,000
To Balance c!d		4,700	By Balance cld
(Bank overdraft)			Cash in hand	2,500
		27,700		27,700

[Hint: As depreciation on furniture is a non cash item, it is excluded in receipts and payments account]

11.

Dr In the books of Coimbatore Cricket Club Receipts and Dr. Payments Account for the year ended 31st March 2019 Cr.
Receipts	Rs.	Rs.	Payments	Rs.
To Balance bid			By Balance bid
Cash in hand		1,000	Bank overdraft	6,000
To Subscription received			By Wages paid	2,000
Previous year	500		By Interest on loan	2,000
Current year	9,600		By Honorarium paid	2,800
Subsequent year	400	10,500	By Water and electricity charges	700
			By Match expenses	2,600
To Match fund receipts		5,200	By Balance c/d
To Legacies received		2,000	Cash in hand	300
To Donation received		2,000	Cash at bank	2,400
		20,700		20,700

[Hint: Wages yet to be paid is a non cash item. Hence it is excluded in receipts and payments account

12.

S.NO.	Basis	Receipts and Pa ments Account	Income and Expenditure Account
1.	Nature of account	It is a real account. Cash receipts are recorded on the debit side and cash payments are recorded on the credit side.	It is a nominal account. Expenses are recorded on the debit side and incomes are recorded on the credit side.
2.	Basis of accounting	It is based on cash system of accounting. Non-cash items are not recorded	It is based on accrual system of accounting. Non-cash items like outstanding expenses, depreciation etc. are also recorded
3.	Opening and closing balance	It commences with an opening balance of cash and bank and ends with closing balance of cash and bank.	There is no opening balance. It ends with surplus or deficit.
4.	Nature of items	It contains actual receipts and payments irrespective of revenue or capital items in nature	It contains only revenue items,that is, only revenue expenses and revenue incomes.
5.	Period	All cash receipts and payments made during the year pertaining to the past period, current period and subsequent period are recorded	It contains only the items relating to the current period

13.

To find the opening capital fund, opening balance sheet should be prepared

In the books of Madurai City Club Balance sheet of as on 31^st March, 2017
Liabilities	Rs.	Assets	Rs.
Capital fund		Investment	40,000
(Balancing figure)	21,500	Subscriptions outstanding	4,000
Match fund	30,00	Cash at bank	7,000
		Cash in hand	500
	51,500		51,500

Dr. Income and Expenditure Account for the year ended 31^st March, 2018 Cr.
Expenditure	Rs.	Income	Rs.	Rs.
To Upkeep of ground	16,500	By Subscriptions	30,000
To Sundry expenses	11,000	Less: Received for 2016-17	4,000
To Excess of income			26,000
over expenditure (surplus)	13,000	Add: Outstanding for the		30,500
		current year	4,500
		By Hall rent		10,000
	40,500			40,500

Balance sheet as on 31^st March, 2018
Liabilities	Rs.	Rs.	Assets	Rs.
Capital fund	21,500		Furniture	20,000
Add: Excess of income over			Investment	40,000
expenditure (surplus)	13,000	34,500	Subscription outstanding	4,500
Legacies		9,000	Cash at bank	11,000
Match fund	30,000		Cash in hand	1,500
Add: Receipts for match fund	22,500
	52,500
Less: Match expenses	19,000	33,500
		77,000		77,000

14.

To find the opening capital fund, opening balance sheet should be prepared.

In the books of Delhi Literary Club Balance sheet as on 31^st March, 2018
Liabilities	Rs.	Assets	Rs.
Capital fund	63,200	Furniture	40,000
(Balancing figure)		Books	20,000
		Cash in hand	3,200
	63,200		63,200

Dr. Income and Expenditure Account for the year ended 31^st March, 2019 Cr.
To Rent and rates	Rs.	Income	Rs.	Rs.
To Rent and rates	21,000	By Entrance fees		2,300
To Lecture fees	4,500	By Subscriptions	46,000
To Sundry expenses	7,200	Less: Received in advance
To Loss on sale of furniture	2,500	during current year	1,000	45,000
(25,000-22,500)		By Interest received on
To Excess of income		fixed deposit		500
over expenditure (surplus)	12,600
	47,800			47,800

Balance sheet as on 31^st March, 2019
Liabilities	Rs.	Rs.	Assets	Rs.	Rs.
Capital fund	63,200		Furniture	40,000
Add: Excess of income over			Less: Book value of
expenditure	12,600	75,800	furniture sold	25,000	15,000
Life membership fees		2,500	Books		20,000
Subscription received in advance		1,000	Fixed deposit		40,000
			Cash in hand		4,300
		79,300			79,300

15.

To find the opening capital fund, opening balance sheet should be prepared.

In the books of Coimbatore Cricket Club Balance sheet as on 31^st March, 2015
Liabilities	Rs.	Assets	Rs.
Capital fund	10,500	Stock of balls and bats	3,000
(Balancing figure)		Cash at bank	8,000
Subscription received in advance	500
	11,000		11,000

Dr. Income and Expenditure Account for the year ended 31st March, 2016 Cr.
Expenditure	Rs.	Rs.	Income	Rs.	Rs.
To Maintenance		5,000	By Subscriptions	11,000
To Secretary’s honorarium		4,500	Add: Received in advance
To Bats and balls	7,400		in 2014-15 for 2015-16	500
Add: Opening stock	3,000			11,500
	10,400		Add: Outstanding for 2015-16	2,000	13,500
Less: Closing stock	1,000	9,400	By Sale of old bats and balls		100
			By Excess of expenditure
			over income (deficit)		5,300
		18,900			18,900

Balance sheet as on 31^st March, 2016
Liabilities	Rs.	Rs.	Assets	Rs.
Capital fund	10,500		Furniture	15,000
Less : Excess of expenditure			Stock of balls and bats	1,000
over income (deficit)	5,300	5,200	Subscriptions outstanding	2,000
Reserve for Pavilion Fund			Cash at bank	7,800
Subscriptions for tournament	2,000
Less: Tournament Expenses	1,400	600
Legacies		20,000
		25,800		25,800

16.

Calculation of subscription to be received for the year 2018-19:

	Rs.
Subscription for the current year (450 ×Rs.30)	13,500
Subscription received for the current year	12,500
Subscription outstanding for the current year
(Rs.13,500 – Rs.12,500)	1,000

In the books of Salem Recreation Club Dr. Income and Expenditure Account for the year ended 31^st March, 2019 Cr.
Expenditure	Rs.	Rs.	Income	Rs.	Rs.
To Stationery	2,400		By Subscription	12,500
Add: Opening stock	300		Add: Outstanding for
	2,700		2018-19	1,000
Less: Closing stock	500	2,200	(450 × Rs.30)		13,500
To Postage		1,000	By Proceeds from		12,000
To Excess of income			entertainment		12,000
over expenditure (surplus)		22,800	By Sundry receipts		500
		26,000			26,000

Balance sheet as on 31^st March, 2019
Liabilities	Rs.	Rs.	Assets	Rs.
Capital fund	9,300		Furniture	15,000
Add: Excess of income			Investment	12,500
over expenditure (surplus)	22,800	32,100	Subscription in arrears
Subscription received in advance		400	for 2018-19	1,000
			Stock of stationery	500
			Cash in hand	3,500
		32,500		32,500

17.

Dr. In the books of Friends Football Club Income and Expenditure Account for the year ended
31^st March, 2017 Cr.
Expenditure	Rs.	Rs.	Income	Rs.	Rs.
To Sports materials
consumed			By Subscription	5,000
Purchases	800		Add: Outstanding for 2016-17	600	5,600
Less: Closing stock	100	700	By Collection for special dinner		2,000
To Special dinner expenses		1,500
To Electricity charges		900
To Excess of income over expenditure (surplus)		4,500
		7,600			7,600

Balance sheet as on 31^st March, 2017
Liabilities	Rs.	Rs.	Assets.	Rs.	Rs.
Capital fund	23,000		Furniture	12,000
Add: Excess of income			Add: Additions	7,000	19,000
over expenditure (surplus)	4,500	27,500	Stock of sports materials		100
Legacies		6,000	Subscription outstanding
			for 2016-17		600
			Cash at bank		12,000
			Cash in hand		1,800
		33,500			33,500

18.

Balance sheet as on 31^st March, 2018
Liabilities	Rs.	Assets	Rs.
Capital fund	1,15,000	Buildings	40,000
(Balancing figure)		Furniture	50,000
Loan borrowed	10,000	Investments	20,000
Subscription received in advance	5,000	Subscription outstanding	10,000
		Cash at bank	6,000
		Cash in hand	4,000
	1,30,000		1,30,000

19.

In the books of Trichy Recreation Club

Dr. Income and Expenditure Account for the year ended 31st March, 2018 Cr
Expenditure	Rs.	Income	Rs.
To Rent	2,800	By Dividend received	27,600
To Secretary's honorarium	15,000	By Sale of old newspaper	3,000
To Postage	1,700	By Members’ subscription	31,000
To General expenses	4,350	By Locker rent	8,000
To Printing and stationery	45,000	By Interest on Investments	1,250
To Audit fees	5,000	By Profit on sale of furniture	600
		(5,000 - 4,400)
		By Deficit	2,400
		(Excess of expenditure over income)
	73,850		73,850

20.

In the books of Vellore Recreation Club

Dr. Receipts and Payments Account for the year ended 31^st March, 2017 Cr.
Receipts	Rs.	Rs.	Payments	Rs.
To Balance b/d			By Furniture purchased	11,000
Cash in hand	3,000		By Sports equipment
Cash at bank	12,000	15,000	purchased	11,000
To Donation received for pavilion		8,000	By Newspapers bought	500
To Sale of old tennis balls		1,500	By Travelling expenses	4,500
To Receipts from entertainment		20,000	By Municipal taxes	22,000
To Admission fees		1,000	By Expenses of charity show	2,000
To Receipts from charity show		2,500	By Billiards table purchased	15,000
To Balance c/d		44,000	By Construction of new
(Bank overdraft)			tennis court	18,000
			By Balance c/d
			Cash in hand	8,000
		92,000		92,000

21.

In the books of Poompuhar Literary Association
Dr. Receipts and Payments Account for the year ended 31st March, 2019 Cr
Receipts	Rs.	Payments	Rs.
To Balance b/d		By Balance b/d
Cash in hand	5,000	Bank overdraft	4,000
To Sale of investments	1,000	By Printing and stationery	1,500
To Endowment fund receipts	2,000	By Interest paid	3,250
To Subscriptions received	20,000	By Purchase of refreshments	1,500
To Sundry receipts	750	By Lighting charges	1,300
To Government grants received	6,000	By Repairs and renewals	2,500
To Sale of refreshments	1,500	By Conveyance paid	2,750
		By Books purchased	10,000
		By Insurance premium paid	4,000
		By Balance c/d
		Cash at bank	2,000
		Cash in hand	3,450
	36,250		36,250

Note: As outstanding salary and depreciation are non-cash items, both are to be excluded inreceipts and payments account.

22.

In the books of Chennai Sports Club

In the books of Chennai Sports Club
Dr. Receipts and Payments Account for the year ended
31^st March, 2018 Cr.
Receipts	Rs.	Rs.	Payments	Rs.	Rs.
To Balance b/d:			By Interest paid		5,000
Cash	10,000		By Telephone expenses		7,000
Bank	15,000	25,000	By Upkeep of grounds		22,500
To Life membership fees		5,500	By Bats and balls purchased		13,000
To Tournament fund receipts		15,000	By Tournament expenses		12,500
To Subscriptions received			By Balance c/d
2016 – 2017	4,500		Cash	5,000
2017 – 2018	65,000		Bank (Bal. fig)	55,000	60,000
2018 – 2019	5,000	74,500
		1,20,000			1,20,000