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From the following information prepare receipt and payments account for the year ended on 31march 2018 of Jain club, thandla: cash balance on 1april 2017 rupees 880 subscription rupees 7 520 , donation received rupees 1600 entrance fee rupees 860 , rent received rupees 1050 electric charge rupees 680,tax rupees 100 , salary rupees 4300 , honorarium to secretary rupees 500 , income on investment rupees 590, stationary rupees 70, Petty expenses rupees 180, insurance premium rupees 60.?
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From the following information prepare receipt and payments account fo...
Receipt and Payments Account for Jain Club, Thandla for the Year Ended 31st March 2018


Receipts


  • Cash balance on 1st April 2017: Rs. 880

  • Subscription: Rs. 7,520

  • Donation received: Rs. 1,600

  • Entrance fee: Rs. 860

  • Rent received: Rs. 1,050

  • Income on investment: Rs. 590

  • Total Receipts: Rs. 12,500



Payments


  • Electric charge: Rs. 680

  • Tax: Rs. 100

  • Salary: Rs. 4,300

  • Honorarium to secretary: Rs. 500

  • Stationary: Rs. 70

  • Petty expenses: Rs. 180

  • Insurance premium: Rs. 60

  • Total Payments: Rs. 5,890



Summary


  • Opening balance: Rs. 880

  • Total Receipts: Rs. 12,500

  • Total Payments: Rs. 5,890

  • Closing balance: Rs. 7,490



In summary, Jain Club, Thandla had a cash balance of Rs. 880 on 1st April 2017. During the year ended 31st March 2018, the club received Rs. 12,500 in total and made payments of Rs. 5,890. The closing balance at the end of the year was Rs. 7,490. The club's main sources of income were subscriptions, donations, entrance fees, and rent received, while the main expenses were salaries, honorarium, and various operating expenses.
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From the following information prepare receipt and payments account fo...
Payments
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From the following information prepare receipt and payments account for the year ended on 31march 2018 of Jain club, thandla: cash balance on 1april 2017 rupees 880 subscription rupees 7 520 , donation received rupees 1600 entrance fee rupees 860 , rent received rupees 1050 electric charge rupees 680,tax rupees 100 , salary rupees 4300 , honorarium to secretary rupees 500 , income on investment rupees 590, stationary rupees 70, Petty expenses rupees 180, insurance premium rupees 60.?
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From the following information prepare receipt and payments account for the year ended on 31march 2018 of Jain club, thandla: cash balance on 1april 2017 rupees 880 subscription rupees 7 520 , donation received rupees 1600 entrance fee rupees 860 , rent received rupees 1050 electric charge rupees 680,tax rupees 100 , salary rupees 4300 , honorarium to secretary rupees 500 , income on investment rupees 590, stationary rupees 70, Petty expenses rupees 180, insurance premium rupees 60.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about From the following information prepare receipt and payments account for the year ended on 31march 2018 of Jain club, thandla: cash balance on 1april 2017 rupees 880 subscription rupees 7 520 , donation received rupees 1600 entrance fee rupees 860 , rent received rupees 1050 electric charge rupees 680,tax rupees 100 , salary rupees 4300 , honorarium to secretary rupees 500 , income on investment rupees 590, stationary rupees 70, Petty expenses rupees 180, insurance premium rupees 60.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for From the following information prepare receipt and payments account for the year ended on 31march 2018 of Jain club, thandla: cash balance on 1april 2017 rupees 880 subscription rupees 7 520 , donation received rupees 1600 entrance fee rupees 860 , rent received rupees 1050 electric charge rupees 680,tax rupees 100 , salary rupees 4300 , honorarium to secretary rupees 500 , income on investment rupees 590, stationary rupees 70, Petty expenses rupees 180, insurance premium rupees 60.?.
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