2019 March 31 March 31 To Balance c/d 2,50,000 BALANCE SHEET as at 1st April, 2018 Assets Liabilities Tennis Courts Cred

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2019 March 31 March 31 To Balance C D 2 50 000 Balance Sheet As At 1st April 2018 Assets Liabilities Tennis Courts Cred 1 (1.35 MiB) Viewed 49 times

2019 March 31 March 31 To Balance c/d 2,50,000 BALANCE SHEET as at 1st April, 2018 Assets Liabilities Tennis Courts Creditors for Tennis Equipments 40,000 10,86,000 Tennis Balls Capital Fund (Balancing Figure) Cash at Bank Subscriptions Outstanding 11,26,000 Illustration 32. Following is the Receipts and Payments Account of Rajdhani Charitable Trust: RECEIPTS AND PAYMENTS ACCOUNT for the year ended 31st March, 2019 Dr. ₹ ₹ Receipts Payments By Rent- By Salary 60,000 To Balance b/d: 1,20,000 Cash in Hand 7,40,000 By Postage 3,000 Cash at Bank By Electricity Charges To Subscriptions: 60,000 2017-18 By Furniture 2,00,000 2018-19 By Books 30,000 15,00,000 By Defence Bonds 2019-20 9,10,000 9,00,000 To Sale of Investment By Scholarship to Needy Students 2,20,000 To Interest on Investment By Balance c/d: 20,000 32,000 To Sale of Furniture (Book value 30,000) Cash in Hand 1,09,000 Cash at Bank 3,00,000 4,09,000 26,02,000 26,02,000 Prepare Income and Expenditure Account for the year ended 31st March, 2019 and Balance Sheet as on that date after the following adjustments: Subscription for the year ended 31st March, 2019 still due were 70,000. Interest due on Defence Bonds was 70,000. Rent outstanding was 10,000. Book value of investment sold was * 8,00,000, * 3,00,000 of the investments were still in hand. Subscriptions received in the year ended 31st March, 2019 included 4,000 from a life member. Total furniture on 1st April, 2018 was worth 1,20,000. Salary paid for the year ended 31st March, 2020 is 20,000. 1,40,000 6,00,000 50,000 8,30,000 30,000 30,000 (Purchase) 2,50,000 10,00,000 4,000 1,02,000 20,000 11,26,000 Cr. T T L S L L I