question_answer

From the following particulars taken from the cash book of Metto Health Club, prepare receipts and payments account.

Opening Balance	Amt (Rs.)
Cash in Hand	17,000
Cash at Bank	85,000
Subscription	5,61,000
Donations	1,19,000
Investments Purchased	2,72,000
Rent Paid	68,000
General Expenses	73,100
Postage and Stationery	6,800
Courier Charges	3,400
Sundry Expenses	8,500
Closing Cash in Hand	40,800

Answer:

                                                            Receipts and Payments Account Dr                                                         for the year ending............                                                          Cr

Receipts	Amt (Rs.)	Payments	Amt (Rs.)
To Balance b/d		By Investment Purchased	2,72,000
Cash in hand	17,000	By Rent Paid	68,000
Cash at Bank	85,000	By General Expenses	73,100
To Subscription	5,61,000	By Postage and Stationery	6,800
To Donations	1,19,000	By Courier Charges	3,400
		By Sundry Expenses	8,500
		By Balance c/d
		Cash in Hand	40,800
		Cash at Bank	3,09,400
		(Balancing figure)
	7,82,000		7,82,000