Thursday, March 13, 2014

Receipts and Payments Account of Chamber of Commerce, Amaravati

HSC Accounts March 2014 Board Paper Solution - NPO Problem
Reference Material

Question paper for reference:

Name Page No. 4 Name Page No. 5
Q. 1. Attempt any Three of the following. [15]

Following is the Receipts and Payments Account of Chamber of Commerce, Amaravati for the year ending 31st March, 2012 and some additional information. [12 MARKS]

Receipts and Payments A/c For the year ended 31.03.2012

Receipts Amount Payments Amount
To balance b/d
(Cash at bank)		 11,960 By Printing and Stationery 6950
To subscription
(Including Rs. 2500 for 2010 – 11)		 36500 By Repairs 2100
To Sale of furniture
(Books value Rs. 18,000)		 12000 By Rent 8500
To Donation for building fund 27000 By Books 20000
To Admission fees
(Revenue)		 5050 By Travelling expenses 2000
By Investments 40,000
By Insurance 1700
By Balance c/d
(Cash at bank)		 11260
92510 92510

Additional information:

Particulars 1.04.2011 31.03.2012
Outstanding subscription 3000 5000
Furniture 32000 12600
Building fund 145000
Capital fund 151960
Investment 2500000

Prepare Income and Expenditure A/c for the year ended 31st March, 2012 and balance sheet as on that date.

Solution

Income and Expenditure A/c for the year ended 31.03.2012

Expenditure JF Rs. Rs. Income JF Rs. Rs.
To Loss on Sale of Furniture [18000 – 12000] [Loss = C.P. – S.P.] 6000 By Subscription 36500
To Printing and stationery 6950 ( - ) Last year amount received in this year. -2500
To Repairs 2100 (+) Outstanding for the current year +5000 39000
To Rent 8500
To Travelling expenses 2000 By Admission Fees
[Revenue]		 5050
To Insurance 1700
To Depreciation on Furniture 1400
To Income Over Expenditure (Surplus) 15400
44050 44050

Balance sheet as on 31.03.2012

Liabilities Rs. Rs. Assets Rs. Rs.
Capital Fund 151960 Outstanding subscription for the Last year still receivable [3000 – 2500] 500
(+) Surplus 15400 167360 Outstanding subscription for the Current year 5000
Furniture 32,000
(-) Sale of Furniture [Book Value] -18000
(-) Depreciation -1400 12600
Building Fund 145000 Books 20000
(+) Fund received during current year +27000 172000 Investments 250000
(+) New investments purchased 40000 290000
Cash at Bank 11260
339360 339360
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24 comments:

  1. Sahil navnath. Ashilkar07 February, 2019 19:55

    Aare. Par. Depreciation. Furniture. Pe. Kaise. 1400 less. Kiyaa. Aur. Kisliye

    ReplyDelete
    Replies
    1. Unknown16 February, 2019 10:52

      Qki bhar humko 12600 chahiya isliya

      Delete
    2. Unknown30 October, 2019 15:42

      32000-18000(sale)-1400(depreciation) =12600(i.e. value as per balance sheet of 2012)

      Delete
    3. Unknown24 December, 2019 11:46

      Bhai 1400 kaha se aaya

      Delete
    4. Unknown24 December, 2019 11:48

      Agar 12000 mein se 1400 less karenge toh ans 10600 aa rha hai

      Delete
    5. Anonymous23 January, 2020 16:20

      10000 me se nhi...32000-18000=14000 me se 1400 less karna hai tabhi 12600 aayega

      Delete
    6. Unknown23 January, 2020 16:21

      Cggf

      Delete
  2. chintanmanjrekar32201 March, 2019 23:47

    mast

    ReplyDelete
  3. Unknown02 March, 2019 11:31

    Outstanding sub 3000 ki entry kyu nhi hai

    ReplyDelete
    Replies
    1. Unknown05 March, 2019 23:15

      Bcoz 2500 milgaya hae 500 hi Bacha hae

      Delete
  4. Unknown03 March, 2019 10:35

    Kyuki Tu anpad he😁😂🤣

    ReplyDelete
  5. Ishika15 November, 2019 16:49

    Why does not outstanding of the year 5000 includes the 500 of the previous year na ??

    ReplyDelete
  6. Unknown15 January, 2020 09:36

    Depreciation furniture ke 1400 kaise nikale hai

    ReplyDelete
    Replies
    1. unknown19 January, 2020 17:10

      Furniture 32000 hain and 18000 sale of furniture hain use minus karke 14000 aata hain so jo additonal information mein jo closing balance furniture ka 12600 hain usko 14000 se minus karde toh 1400 aayegaa

      Delete
    2. Unknown13 February, 2020 19:31

      Mujhe bhi esaka answer chahiye

      Delete
  7. Unknown20 January, 2020 13:46

    Sab pagal hai😂😂😂mujhse aakar sikh lo😎✌️

    ReplyDelete
    Replies
    1. Unknown25 January, 2020 23:22

      To tui sikhade na bhai

      Delete
    2. Unknown25 January, 2020 23:47

      Agar tu rally smart hain to iska sahi solution bta aur haan reply jaroor dena agar tuzme himmat hain to

      Delete
  8. Unknown25 January, 2020 23:43

    This solution is wrong because the actual surplus is given in target(smart notes)that is ₹14900 and balance sheet total=3,38,860 and here balance sheet total is ₹339360 therefore this is an ❌(wrong)solution

    ReplyDelete
    Replies
    1. Unknown30 January, 2020 16:14

      Yaar.....sum solve karke bhejna phir itna bol raha hai toh

      Delete
  9. Unknown03 February, 2020 11:56

    BOOKS amt.20000 is not written in expenditure

    ReplyDelete
    Replies
    1. pawan gujar14 February, 2020 18:03

      Voh capital expenditure hai ..Toh voh direct asset side mein Jayega .

      Delete
  10. Shweta Adivarekar29 February, 2020 11:37

    50000 subscription ka entry means 1st adjustment ka

    ReplyDelete

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