Accounting for Non-profit organization (Principle of Accounting Grade 11) 2021/2078 B.S. (2078-02-21)
CP 12 Consider the following information of a
non-trading concern.
Balance sheet
1st
Jan 2010
|
Capital
and Liabilities |
Amount |
Assets |
Amount |
|
Capital Outstanding
rent Advance
Subscription 10%
loan |
84000 700 300 25000 |
Computer Furniture Books
Investments
in securities Cash
and bank balance |
45000 5,000 40000 15,000 5,000 |
|
|
1,10,000 |
|
1,10,000 |
Solution
Income and expenditure a/c
for the year 31st Dec.
|
Expenditure
|
Amount |
Income |
Amount |
|
To
Salaries 6,600 Add: O/s salaries 300 To
Electricity To
postage To
Telephone & stationery To
rent 8,800 Add:
O/s rent 400 To
Depreciation on book (46000 ×10%) To
furniture (5000×10%) To
interest on loan (25,000×10%) |
6900 720 500 500 9,200 4600 500 2500 |
By
Entrance fees
3000 Less:
Capitalized (3000×75%) 2250 By
Member subscription 20000 Add:
Advance subscription(LY) 300 Less:
Advance subscription(CY) 1000 By
Sales of old newspaper By
Hire of lecturer hall By
Interest on securities By
Deficit c/d (Dr. – Cr.) (25420 – 23150) |
750 19300 150 2000 800 2270 |
|
|
25420 |
|
25420 |
Balance Sheet
As on 31st Dec. 2010
|
Capital
and Liabilities |
Amount |
Assets |
Amount |
|
Capital 84,000 Less:
Deficit 2270
81,730 Add:
Capitalized Entrance fees 2250 Outstanding
rent Outstanding
salaries Advance
Subscription 10%
loan Outstanding
interest on loan |
83,980 400 300 1000 25000 2500 |
Computer Furniture 5000 Less:
Depn
500 Book (4000 + 6000) Less:
Depn
4600 Investment
in securities 19000 O/s
interest 150 Cash
and bank balance |
45000 4500 41,400 19150 3130 |
|
|
1,13,180 |
|
1,13,180 |
Balance
Sheet
As on 31st Dec.20XX
|
Liabilites
and capital |
Amount |
Assets |
Amount |
|
Share
capital पूँजी ××× Add:
Net profit खुद नाफा ××× Less:
Drawing निकासी
××× Less:
Net Loss खुद नोक्सान
××× General reserve सामान्य जगेडा Loan ऋण Debenture ऋणपत्र Bank
overdraft बैंक अधिविकर्ष Bills
payable तिर्नुपर्ने बिलहरु
Notes
payable तिर्नुपर्ने हिसाबहरु Outstanding
expenses बाँकी तिर्नुपर्ने खर्चहरु Advance
income अग्रिम आम्दानी Accrued
expenses नतिरिएका खर्चहरु
Creditors
साहु / महाजन Bank
loan बैंक ऋण |
|
Land
and Building जग्गा तथा भवन ××× Add:
Appreciation ज.र भ.मा वृद्धि ××× Less:
Depreciation ¥हास
××× Plant
and machinery यन्त्र तथा मेशिन ××× Less:
Depreciation ¥हास
××× Furniture फर्निचर ××× Less:
Depreciation ¥हास
××× Loose
tools ज्यावल
Delivery
van डेलिभरी भ्यान
Goodwill ख्याति Copyright
कपिराइट Patent प्याटेन्ट Trademark ट्रेडमार्क
Cash
at bank बैंक मौज्दात
Cash
in hand नगद मौज्दात
Debtors आसामी ××× Less:
Provision for bad debts
××× नउठ्ने ऋणको व्यवस्था
Closing
stock अन्तिम मौज्दात
Bills
receivable प्राप्त गर्नुपर्ने बिलहरु Accounts
receivable प्राप्त गर्नुपर्ने हिसाबहरु Accrued
income प्राप्त नभएको आर्जित आम्दानी Marketable securities बिक्रीयोग्य धितोहरु
Prepaid
expenses अग्रिम भुक्तानी खर्चहरु
|
|
SQ
3: Trial Balance of a business for the year ended 31st December 2012
is given below:
|
Debit
Balance |
Amount |
Credit
Balance |
Amount |
|
Land
and building Investment Cash
in hand Debtors Prepaid
expenses Plant
and machinery Drawings Bills
receivable Inventory Cash
at bank Preliminary
expenses |
80,000 65,000 12,000 50,000 5,000 60,000 20,000 8,000 12,000 6,000 30,000 |
Capital Bills
payable Sundry
creditors Outstanding
expenses Pension
fund General
reserve Sinking
fund Net
profit Mortgaged
loan Bank
overdraft Loan
from subsidiaries |
1,20,000 40,000 50,000 6,000 20,000 12,000 13,000 14,000 35,000 17,000 21,000 |
|
|
3,48,000 |
|
3,48,000 |
Solution
Balance Sheet
As
on 31st Dec.2012
|
Liabilites
and capital |
Amount |
Assets |
Amount |
|
Share
capital पूँजी 120000 Add:
Net profit खुद नाफा 14000 134000 Less:
Drawing निकासी 20000 Bills
payable तिर्नुपर्ने बिलहरु
Sundry
Creditors विविध
साहुहरु Outstanding
expenses बाँकी तिर्नुपर्ने खर्चहरु
Pension
fund निवृत्तिभरण
कोष General
reserve सामान्य जगेडा Sinking
fund डुबन्ते
कोष Mortgaged
loan बन्धकी ऋण Bank
overdraft बैंक अधिविकर्ष Loan
from subdiaries अन्यबाट
ऋण लिएको |
114000 40000 50000 6000 20000 12000 13000 35000 17000 21000 |
Land
and Building जग्गा तथा भवन
Plant
and machinery यन्त्र तथा मेशिन Investment लगानी Cash
in hand नगद मौज्दात
Debtors आसामी
Prepaid
expenses अग्रिम भुक्तानी खर्चहरु
Bills
receivable प्राप्त गर्नुपर्ने बिलहरु
Inventory
सामानहरु Cash
at bank बैंकमा
भएको पैसा/बैंक मौज्दात Preliminary
expenses प्रारम्भिक
खर्चहरु |
80000 60000 65000 12000 50000 5000 8000 12000 6000 30000 |
|
|
328000 |
|
328000 |
SQ
4 Trial Balance as on 31st March 2019 of ABC Co. is given below:
|
Debit
Balance |
Amount |
Credit
Balance |
Amount |
|
Opening
stock Vehicles purchases Administrative
expenses Sales
return Interest
on mortgage loan Drawings Wages Salaries Land
and building Furniture
and fixture Distribution
expenses Accounts
receivable Book
debts Plant
and property Long
term investment Cash
at bank Cash
in hand Closing
stock |
80,000 65,000 12,000 50,000 5,000 60,000 20,000 8,000 12,000 1,68,000 34,000 12,000 11,000 23,000 80,000 32,000 4,500 1,500 22,000 |
Equity
share capital Reserve
fund Sales
revenue Purchase
return Apprentice
premium Account
payable Sundry
creditors 10%
mortgage loan |
2,07,900 100,000 3,23,000 2,100 3,200 5,500 12,000 80,000 |
|
|
7,34,000 |
|
7,34,000 |
प्रशासन खर्चहरु ऋणको व्याज वितरण खर्चहरु
तलबहरु खुद नाफा वृद्धि प्रव्याज
Solution
Trading
and Profit & Loss Account
As
on 31st March 2019
|
Particulars |
Amount |
Particulars |
Amount |
|
To
Opening stock शुरु मौज्दात
To Purchase खरिद 172,100 Less: Purchase return खरिद फिर्ता 2,100 To
Wages ज्याला
To
Gross profit c/d कुल नाफा
Cr.total
– Dr. Total |
10,000 170,000 5,600 1,34,400 |
By
Sales revenue बिक्री आम्दानी 323,300 Less:
Sale return बिक्री फिर्ता
3,300 |
320000 |
|
320000 |
320000 |
||
|
To
Administrative expenses प्रशासन खर्चहरु To
Interest on mortgaged loan ऋणको व्याज To
Distribution expenses वितरण खर्चहरु To
Salaries तलबहरु To
Net profit खुद नाफा |
5,000 8,000 12,000 12,000 1,00,600 |
By
Gross profit b/d कुल नाफा
By
Apprentice premium वृद्धि
प्रव्याज -शिक्षुता
शुल्क_ |
1,34,400 3,200 |
|
|
137,400 |
|
137,600 |
Solution
Balance Sheet
As on 31st March 2019
|
Liabilites
and capital |
Amount |
Assets |
Amount |
|
Share
capital पूँजी 207,900 Add:
Net profit खुद
नाफा 100,600 308,500 Less:
Drawing निकासी 30000 Account
payable तिर्नुपर्ने हिसाबहरु
Sundry
Creditors विविध साहुहरु
Reserve
fund सामान्य कोष Mortgaged
loan बन्धकी ऋण |
278,500 5500 12000 100000 80000 |
Vehicles
गाडीहरु Land
and Building जग्गा तथा भवन
Plant
and property यन्त्र तथा सम्पत्ति
Furniture
and fixtures फर्निचर तथा फिक्चर
Accounts
receivable प्राप्त गर्नुपर्ने हिसाबहरु Book
debts आसामीहरु
Long
term investment दीर्घकालिन लगानी
Cash
at bank बैंकमा भएको पैसा (बैंक
मौज्दात) Cash
in hand नगद मौज्दात
Closing
stock अन्तिम मौज्दात
|
100000 168000 80000 34000 11000 23000 32,000 4,500 1,500 22,000 |
|
|
476000 |
|
476000 |
SQ
5
Solution
ABC Trading House
Profit & Loss Account
As on 31st Chaitra, 2076
|
To Insurance premium jLdf
z'Ns 5,000 Less prepaid Insurance clu|d
jLdf 2,000 To Salaries tnax? To Rent ef8f 10,000 Add: Outstanding rent ltg{afFsL ef8f 3000 To Net profit c/d v'b gfkmf |
3,000 25,000 13,000 59,000 |
By Gross profit b/d s'n gfkmf By Discount received 5'6 k|fKt _ |
80,000 20,000 |
|
|
100000 |
|
100000 |
Net profit c/d = Cr. total – Dr. total =
100000 – 41000 = 59000
ABC Trading House
Balance Sheet
As on 31st Chaitra, 2076
|
Liabilites and capital |
Amount |
Assets |
Amount |
|
Share capital k"FhL 135000 Add: Net profit v'b gfkmf 59000 Bills payable ltg'{kg]{
lanx? Reserve fund ;fdfGo
sf]if Bank loan a}+s
C0f Unearned commission gsdfOsf]
sldzg Outstanding rent ltg{afFsL
ef8f |
194,000 12000 8000 25,000 15000 3000 |
Goodwill Voflt Furniture kmlg{r/
TradeMark Jofkf/L
lrGx Bills receivable k|fKt ug'{kg]{ lanx? Patent Kof6]G6 Cash at bank a}+sdf
ePsf] k};f -a+}sdf}Hbft_ Closing stock clGtd df}Hbft Prepaid insurance clu|d
e'StfgL jLdf |
60000 50000 62000 48000 8000 12000 15,000 2000 |
|
|
257000 |
|
257000 |
SQ
5
Solution
ABC Trading House
Profit & Loss Account
As on 31st Chaitra, 2076
|
To Insurance premium jLdf
z'Ns To Audit fee n]vfk/LIf0f
z'Ns To Salaries and wages tnax?
/ Hofnfx? To Rent and tax ef8f / s/ 25,000 Add: Outstanding rent ltg{afFsL ef8f 1,000 To Net profit c/d v'b gfkmf |
30,000 12,000 12,000 26,000 19,000 |
By Gross profit b/d s'n gfkmf By interest received Jofh k|fKt By Commission sldzg 5,000 Less: Advance commission clu|d sldzg 2,000 |
90,000 6,000 3,000 |
|
|
99,000 |
|
99,000 |
Net profit c/d = Cr. total – Dr. total = 99,000
– 80,000 = 19000
ABC Trading House
Balance Sheet
As on 31st Chaitra, 2076
|
Liabilites and capital |
Amount |
Assets |
Amount |
|
Capital k"FhL 180,000 Add: Net profit v'b gfkmf 19000 Creditors ;fx'x?÷dxfhg General reserve ;fdfGo
hu]8f Bank overdraft a}+s
clwljsif{ Advance commission gsdfOsf]
sldzg Outstanding rent ltg{afFsL
ef8f |
199,000 10,000 28,000 15,000 2,000 1,000 |
Investment nufgL Land and building hUuf
tyf ejg Bills receivable k|fKt ug'{kg]{ lanx? Cash in hand gub
df}Hbft |
60,000 1,50,000 40,000 5,000 |
|
|
2,55,000 |
|
2,55,000 |
Trading and Profit & Loss Account
As
on 31st March 2019
|
Particulars |
Amount |
Particulars |
Amount |
|
To
Opening stock शुरु मौज्दात
To Purchase खरिद 5,50,000 Less: Purchase return खरिद फिर्ता 5,000 To Wages ज्याला 20,000 Add: O/S wages 4,000 To
Custom duty To
Fuel and power To
Gross profit c/d कुल नाफा
Cr.total
– Dr. Total |
30,000 545,000 24,000 5,000 5,000 2,03,000 |
By
Sales revenue बिक्री आम्दानी By
Closing stock clGtd df}Hbft |
800000 12,000 |
|
812,000 |
812,000 |
||
|
To
Salaries tnax?
To
Stationery d;nGb To
Interest on bank loan Jofh To
Net profit खुद नाफा |
44,000 10,000 6,000 1,43,000 |
By
Gross profit b/d कुल नाफा
|
2,03,000 |
|
|
2,03,000 |
|
2,03,000 |
Solution
Balance Sheet
As on 31st March 2019
|
Liabilites
and capital |
Amount |
Assets |
Amount |
|
Share
capital पूँजी 450,000 Add:
Net profit खुद
नाफा 143,000 Sundry
Creditors विविध साहुहरु
Overdraft
Unearned commission Outstanding wages 9% Bank loan |
593,000 10,000 20,000 10,000 4,000 100,000 |
Building
भवन Machinery
यन्त्र Debtors आसामीहरु
Cash
at bank बैंकमा भएको पैसा (बैंक
मौज्दात) Investment Closing
stock अन्तिम मौज्दात
|
200,000 200,000 100,000 25,000 200,000 12,000 |
|
|
737,000 |
|
737,000 |
SQ. 8
Solution
Trading and Profit & Loss Account
of A trading
Concern
For the year ending 31st Chaitra
|
Particulars |
Amount |
Particulars |
Amount |
|
To
Opening stock शुरु मौज्दात
To Purchase खरिद 430,000 Less: Purchase return खरिद फिर्ता 4,500 To
Gross profit c/d कुल नाफा
Cr.total
– Dr. Total |
74,400 425,500 330,100 |
By
Sales revenue बिक्री आम्दानी By
Closing stock clGtd df}Hbft |
880,000 150,000 |
|
1030,000 |
1030,000 |
||
|
To
Haulage To
Bad debts To
Goodwritten off Voflt ckrng To
Carriage on sales laqmL ubf{sf]
ef8f To
Discount allowed 5'6
lbOPsf] To
Salaries tnax?
37,800 Less:
Prepaid salary clu|d e'StfgL 7,800 To
Depreciation on plant & Machinery oGq
tyf d]lzg/Ldf ¥xf; vr{ (130,000 ×
15%) To
Net profit खुद नाफा |
16,400 4,500 5,000 17,000 3,300 30,000 19,500 |
By
Gross profit b/d कुल नाफा
By
Interest on loan By
Provision for bad debts |
330,100 2,000 3,000 |
|
|
335,100 |
|
335,100 |
Solution
Balance Sheet
As on 31st March 2019
|
Liabilites
and capital |
Amount |
Assets |
Amount |
|
Share
capital पूँजी 450,000 Add:
Net profit खुद
नाफा 143,000 Sundry
Creditors विविध साहुहरु
Overdraft
Unearned commission Outstanding wages 9% Bank loan |
593,000 10,000 20,000 10,000 4,000 100,000 |
Building
भवन Machinery
यन्त्र Debtors आसामीहरु
Cash
at bank बैंकमा भएको पैसा (बैंक
मौज्दात) Investment Closing
stock अन्तिम मौज्दात
|
200,000 200,000 100,000 25,000 200,000 12,000 |
|
|
737,000 |
|
737,000 |
SQ. 9
Solution
Trading and Profit & Loss Account
of A trading
Concern
For the year ending 31st Chaitra
|
Particulars |
Amount |
Particulars |
Amount |
|
To
Purchase खरिद To
Import duty To
Wages 60,000 Less:
Prepaid wages 2,000 To
Gross profit c/d कुल नाफा Cr.total
– Dr. Total |
456,000 3,000 58,000 168,000 |
By
Sales revenue बिक्री आम्दानी 650,000 Less:
Returns
15,000 By
Closing stock clGtd df}Hbft |
635,000 50,000 |
|
685,000 |
685,000 |
||
|
To
Salaries 50,000 Add:
O/S salaries
1,400 To
Rent To
Bad debts To
Goodwritten off Voflt ckrng To
Freight outward laqmL ubf{sf] ef8f To
General expenses To
Rent and Rates To
Discount To
Net profit खुद नाफा |
51,400 24,000 3,000 5,000 4,000 20,000 12,000 13,000 60,600 |
By
Gross profit b/d कुल नाफा
By
Interest By
Discount By Commission 15,000 Less: Unearned commission 4,000 |
168,000 5,000 9,000 11,000 |
|
|
193,000 |
|
193,000 |
Solution
Balance
Sheet
As on 31st March 2019
|
Liabilites and capital |
Amount |
Assets |
Amount |
|
Share capital पूँजी 500,000 Add: Net profit खुद नाफा 60,600
560,600 Less: Drawing 40,000 Sundry Creditors विविध साहुहरु
Unearned
commission O/S
Salaries |
520,600 44,000 4,000 1,400 |
Goodwill Land and Building Plant and Machinery Motor vehicles Closing stock अन्तिम मौज्दात
Prepaid wages Sundry Debtors |
70,000 120,600 80,000 180,000 50,000 2,000 68,000 |
|
|
570,000 |
|
570,000 |
SQ. 10 Solution
Profit & Loss Account
of A trading
Concern
For the year ending 31st Chaitra, 2069
|
Particulars |
Amount |
Particulars |
Amount |
|
To Salaries 30,000 Add: O/S salaries 3,000 To Insurance 6,000 Less: Unexpired
insurance 5,000 To Rent To Interest on loan (51,000 × 10%) To Net profit खुद नाफा |
33,000 1,000 6,000
5,100 18,900 |
By Gross profit b/d कुल
नाफा By Discount received By Earned commission |
60,000 2,000 2,000 |
|
|
64,000 |
|
64,000 |
Balance Sheet
As on 31st Chaitra 2069
|
Liabilites and capital |
Amount |
Assets |
Amount |
|
Share capital पूँजी 160,000 Add: Net profit खुद नाफा 18,900 Sundry Creditors विविध साहुहरु Bills payable Unearned commission O/S Salaries O/S interest on bank loan Bank overdraft General Reserve 10% Bank loand |
178,900 15,000 12,000 1,000 3,000 5,100 10,000 12,000 51,000 |
Goodwill Land and Building Plant and Machinery Investment Debtors Bills receivable Preliminary expenses Cash at Bank Closing stock Prepaid insurance |
56,000 65,000 52,000 50,000 15,000 20,000 8,000 5,000 12,000 5,000 |
|
|
288,000 |
|
288,000 |
SQ. 11 Solution
Trading and Profit & Loss Account
of A trading
Concern
For the year ending 31st Chaitra, 2076
|
Particulars |
Amount |
Particulars |
Amount |
|
To
Opening stock To
Purchase खरिद 250,000 Less:
Purchase return 5,000 To
Factory rent To
Wages
20,000 Less:
Prepaid wages 5,000 To
Gross profit c/d कुल नाफा Cr.total
– Dr. Total |
20,000 245,000 5,000 25,000 35,000 |
By
Sales revenue बिक्री आम्दानी By
Closing stock clGtd df}Hbft |
320,000 10,000 |
|
330,000 |
330,000 |
||
|
To
Salaries 10,000 Add:
Prepaid salaries
2,000 To
Carriage outward To
Stationery To
Net profit खुद नाफा |
8,000 5,000 20,000 15,000 |
By
Gross profit b/d कुल नाफा
By
Commission 10,000 Less: Advanced commission 2,000 By Interest on investment (100000×5%) |
35,000 8,000 5,000 |
|
|
48,000 |
|
48,000 |
Balance Sheet
As on 31st Chaitra 2076
|
Liabilites and capital |
Amount |
Assets |
Amount |
|
Share capital पूँजी 410,000 Add: Net profit खुद नाफा 15,000 Sundry Creditors विविध साहुहरु Overdraft Bank loan Oustanding wages Advanced commission |
425,000 10,000 20,000 10,000 5,000 2,000 |
Goodwill Land and Building Machinery Investment Debtors Prepaid salary Accrued interest on
investment |
56,000 65,000 200,000 50,000 100,000 2,000 5,000 |
|
|
472,000 |
|
472,000 |
SQ. 12 Solution
Trading and Profit & Loss Account
of A trading
Concern
For the year ending 31st Chaitra, 2076
|
Particulars |
Amount |
Particulars |
Amount |
|
To
Opening stock To
Purchase खरिद 550,000 Less:
Purchase return 5,000 To
Fuel, power To
Wages
20,000 Less:
O/S wages 2,000 To
Gross profit c/d कुल नाफा Cr.total – Dr. Total |
30,000 545,000 5,000 22,000 213,000 |
By
Sales revenue बिक्री आम्दानी By
Closing stock clGtd df}Hbft |
800,000 15,000 |
|
815,000 |
815,000 |
||
|
To
Salaries To
Carriage outward To
Stationery To
Interest on loan To
Goodwill written off To
Depreciation a/c (200,000 × 10%) To
Net profit खुद नाफा |
10,000 5,000 20,000 6,000 1,700 20,000 150,300 |
By
Gross profit b/d कुल नाफा
|
213,000 |
|
|
213,000 |
|
213,000 |
Balance Sheet
As on 31st Chaitra 2076
|
Liabilites and capital |
Amount |
Assets |
Amount |
|
Share capital पूँजी 450,000 Add: Net profit खुद नाफा 150,300 Sundry Creditors विविध साहुहरु Reserve fund Overdraft 6%, Bank loan Advanced commission Outstanding wages |
600,300 10,000 20,000 20,000 100,000 10,000 2,000 |
Land and Building Debtors Machinery 200,000 Less:
Depreciation 20,000 Cash at Bank Investment Prepaid Insurance Goodwill 34,000 Less: Goodwill
w.off. 1,700 Closing stock |
200,000 100,000 180,000 25,000 200,000 10,000 32,300 15,000 |
|
|
762,300 |
|
762,300 |
The receipts and payments account and additional information are given
below:
Receipt and payment Account
For the year ending ..........................
|
Receipts |
Amount |
Payments |
Amount |
|
To
Balance at bank To
Subscription: To
Entrance fees........................ To
Miscellaneous income To
Sales of newspapers |
3,400 32,000 2,600 8,400 2,200 |
By
Equipment purchased By
Salary and wages By
Furniture purchased By
Sundry expenses By
Travelling expenses By
Printing and stationery By
Balance c/d |
6,200 15,800 4,000 4,600 7,000 2,000 9,000 |
|
48,600 |
48,600 |
Additional information:
i. Subscription received includes Rs.1,200 for next year.
ii. Closing stock of stationery Rs.400
iii. Depreciation equipment by 20% and furniture by 10%
Required : Income and expenditure account.
Solution
Income and Expenditure Account
Dr.
For the year ending
..........
Cr.
|
Expenditure |
Amount |
Income |
Amount |
|
To
Salary and wages .................... To
Sundry expenses.................... To
Travelling expenses................ To
Printing and stationery...............
2,000 Less:
Closing stock ..........................
400 To
Depreciation Equipment (6,200 × 20% = 1240) Furniture (4,000 × 10% = 400) To
Surplus (Income – Expenditure) |
15,800 4,600 7,000 1,600 1,240 400 13,360 |
By
Subscription: ....................... 32,000 Less: Advance for next year 1,200 By Entrance
fees......................... By
Miscellaneous income........... By Sale of
newspaper..................... |
30,800 2,600 8,400 2,200 |
|
44,000 |
44,000 |
Expenditure = 30,640 Income = 44,000
To
Surplus = Income – Expenditure = 44,000
– 30,640 = 13,360
Receipt and
payament Account
Dr.
For the year ending
..........
Cr.
|
Receipts |
Amount |
Payment |
Amount |
|
To
Salary and wages .................... To
Stationery.................... To
General expenses To
Telephone charges To
Surplus (Income – Expenditure) |
6,000 3,000 5,500 2,000 1,600 |
By
Donation .............................. By Entrance
fees......................... By
Subscription........................... By
Interest on investment........... By Sale of old furniture.....................
|
12,000 15,000 30,000 3,000 5,000 |
|
44,000 |
44,000 |
Expenditure = 30,640 Income = 44,000
To
Surplus = Income – Expenditure = 44,000
– 30,640 = 13,360
SQ
1
Receipt and payment Account
For the year ending ..........................
|
Receipts |
Amount |
Payments |
Amount |
|
To
Balance b/d (Opening balance) To
Subscription: To
Donation................................ To
Entrance fees........................ To
Life member fee................... To
Sales of old furniture To
Interest on investment |
10,000 30,000 12,000 15,000 8,000 5,000 3,000 |
By
Salaries & wages .......................... By
Stationery .................................. By
Furniture purchased ................. By
Machinery purchased ................ By
General expenses ..................... By
Telephone charges .................. By
Balance c/d (Cash Balance) |
6,000 3,000 3,600 10,000 5,500 2,000 52,900 |
|
83,000 |
83,000 |
Receipts = 83,000 Payment = 30,100
Balance c/d = Receipts – Payment =
83,000 – 30,100 = 52,900
SQ
1
Receipt and payment Account
For the year ending ..........................
|
Receipts |
Amount |
Payments |
Amount |
|
To
Balance b/d (Opening balance) To
Subscription: To
Donation................................ To
Entrance fees........................ To
Life member fee................... To
Sales of old furniture To
Interest on investment |
10,000 30,000 12,000 15,000 8,000 5,000 3,000 |
By
Salaries & wages .......................... By
Stationery .................................. By
Furniture purchased ................. By
Machinery purchased ................ By
General expenses ..................... By
Telephone charges .................. By
Balance c/d (Cash Balance) |
6,000 3,000 3,600 10,000 5,500 2,000 52,900 |
|
83,000 |
83,000 |
Receipts = 83,000 Payment = 30,100
Balance c/d = Receipts – Payment =
83,000 – 30,100 = 52,900
Receipt and payment Account
For the year ending ..........................
|
Receipts |
Amount |
Payments |
Amount |
|
To
Balance b/d (Opening balance) To
Subscription: To
Sundry Income To
Legacy.................................... To
Proceeds from concerts.......... To
Interest on Fixed deposit To
Rent from hall |
12,400 16,000 400 5,000 3,000 1,000 1,200 |
By
Salaries...................................
For 2068
2,000 For 2069 600 By
Printing and stationery .................
By
Furniture .................................. By
Concert expenses ........................ By
Interest on loan................. By
Sundry expenses ..................... By
Equipment ............................ By
Prize distributed....................... By
Refund of loan ........................ By
Balace c/d................................. |
2,600 1,200 8,000 2,400 1,200 1,700 7,500 1,000 5,000 8,400 |
|
39,000 |
39,000 |
39,000
– 30,600 = 8,400
Income and Expenditure
Account
For the year ending ..........................
|
Expenditure |
Amount |
Income |
Amount |
|
To
Salaries................................... To
Stationery................................ To
Newspaper............................... To
Sport expense..........................
To
Sundry expenses................... To
Tour expenses....... To
Surplus (Income – Expenditure) |
28,000 3,000 1,200 4,000 500 2,500 4,600 |
By
Subscription............................. By
Sales of old newspaper By
Rent received................ By
Interest on Bank deposit............... |
32,500 300 8,000 3,000 |
|
43,800 |
43,800 |
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