Non Profit Organization 49

From the following information, calculate the amount of sports material that will be debited to the ‘Income and Expenditure Account’ of Bright Sports Club for the year ended 31-3-2019.  Particulars 1st April, 2018 Rs. 31st March, 2019 Rs. Stock of Sports Material 1,10,000 1,50,000 Creditors for Sports Material 25,000 60,000 Advance paid for Sports Material … Read more

Non Profit Organization 48

From the following particulars relating to Shyamji Charitable Society, prepare a Receipts and Payments Account for the year ending 31st March, 2019 : Particulars Amount (Rs.) Cash in hand as on 1.4.2018 16,000 Cash at bank as on 1.4.2018 28,000 Subscriptions (including Rs. 11,000 for 2017 ~ 18) 60,000 Donations for building 2,90,000 Miscellaneous expenses … Read more

Non Profit Organization 47

From the following particulars relating to Ganesh Charitable Society, prepare a Receipts and Payments Account for the year ending 31st March, 2019: Particulars Amount Rs. Opening balance of cash 20,000 Subscriptions received:   2017 – 18      25,000   2018 – 19   1,00,000   2019 – 20      15,000 1,40,000 Entrance fees received 45,000 Sale of old … Read more

Non Profit Organization 45

From the following information, calculate the amount of subscriptions received by Happy Sports Club during the year ended 31st March, 2018. Particulars 31.03.2017 Rs. 31.3.2018 Rs. Advance Subscription 3,000 4,500 Outstanding Subscription 4,500 6,000   The Club has 2000 members each paying an annual subscription of Rs.  500. Marks-3, CBSE:2018-19/Main/04/Q-9 Answer Previous Or Next Back

Non Profit Organization 44

Janta Kalayan Club has 1250 members each paying an annual subscription of Rs. During the year ended 31st March, 2018 the club did not receive subscription from 45 members and received subscriptions in advance from 46 members for the year ending 31st March, 2019. On 31st March, 2017 the outstanding subscriptions were Rs.  15,000 and … Read more

Non Profit Organization 43

Calculate the amount of Subscription to be credited to Income and Expenditure account for the year 2019-20. Particulars Amount (Rs.)   Amount received during the year (including Rs.  20,000 for 2018-19 , Rs. 30,000 for 2020-21 and Rs. 10,000 for 2021-22) 7,80,000   Subscription received in advance as on 01-04-2019 (including Rs. 15,000 for 2020-21) … Read more

Non Profit Organization 42

Calculate the amount of sports material to be transferred to Income and Expenditure account of Raman Bhalla Sports Club, Ludhiana, for the year ended 31st March, 2018:- Particulars Amount (₹) i. Sports Material sold during the year (Book Value ₹ 50,000) 56,000 ii. Amount paid to creditors for sports material 91,000 iii. Cash purchase of … Read more

Non Profit Organization 32

How would the following items be treated while preparing the financial statements of a sports club? Particulars  Amount Rs. Prize Fund 44,000 Interest on Prize Fund Investments 6,000 Prizes Awarded 46,000 Match Expenses 64,000 Prize Fund Investments 44,000 Marks-3, CBSE:2019-20/Main/01/Q-14* Answer Previous Or Next Back

Non Profit Organization 41

Calculate the amount of stationery to be posted to Income and Expenditure Account of Indian Cultural Society for the year ending 31st March, 2018 from the following information: Particulars 1.4.2017 Rs. 31.3.2018 Rs. Stock of stationery 21,000 18,000 Creditors for stationery 11,000 23,000 Stationery purchased during the year ended 31st March, 2018 was Rs.  75,000. … Read more

Non Profit Organization 40

Calculate the amount of medicines consumed during the year ended 31st March,2019 Particulars Amount (₹) Opening Stock of Medicines 50,000 Closing stock of Medicines 45,000 more than opening stock Amount paid for medicines during the year 2,00,000 Opening Creditors 20,000 Closing Creditors 50% of opening creditors               Marks 3, CBSE:2019-20/Sample/Q-14* Answer Previous Or Next Back