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NPC Homework - 112917

The document presents the Balance Sheets and Receipts and Payments accounts for 'Bhanubai Mahila Seva Kendra' and 'Shivneri Women Development Trust' for the years ending March 2020 and March 2021, respectively. It includes details on assets, liabilities, receipts, and payments, along with additional information regarding outstanding expenses and depreciation. Key financial figures and outstanding subscriptions are highlighted for both organizations.

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72 views2 pages

NPC Homework - 112917

The document presents the Balance Sheets and Receipts and Payments accounts for 'Bhanubai Mahila Seva Kendra' and 'Shivneri Women Development Trust' for the years ending March 2020 and March 2021, respectively. It includes details on assets, liabilities, receipts, and payments, along with additional information regarding outstanding expenses and depreciation. Key financial figures and outstanding subscriptions are highlighted for both organizations.

Uploaded by

shubhamxkothari
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Q. 1.

Given below is the Balance Sheet of ‘Bhanubai Mahila Seva Kendra’ as on 1st April 2019 and Receipts and
Payments account for the year ending 31st March 2020:

Balance Sheet as on 1st April 2019

Liabilities Amount (₹) Assets Amount (₹)

Capital fund: 40,000 Machinery 10,000

Outstanding Expenses: Furniture 20,000

Wages 8,000 Government Bonds 6,500

Electricity 7,000 Outstanding Subscription 8,500

Stationery 1,000 Cash at bank 10,000

Cash in hand 1,000

Total 56,000 Total 56,000

Receipts and Payments Account for the year ended 31st March 2020

Receipts Amount (₹) Payments Amount (₹)

To Balance b/d By Electricity Charges 25,000

Cash in hand 1,000 By Wages 22,000

Cash at bank 10,000 By Stationery 3,000

To Subscription 50,000 By Rent and Taxes 11,800

To Entrance fees 28,000 By Travelling Expenses 8,000

To Other receipts 5,000 By Balance c/d –

Cash in hand 4,000

Cash at bank 20,200

Total 94,000 Total 94,000

Additional information:

1. Outstanding wages ₹ 450

2. Entrance fees should be capitalised.

3. Depreciate furniture at 10% p.a.

4. Subscription for 2019–20 was outstanding ₹ 3,000


Q.2. Given below is the Balance Sheet of ‘Shivneri Women Development Trust’ as on 1st April 2020 and the
Receipts and Payments Account for the year ending 31st March 2021:

Balance Sheet as on 1st April 2020

Liabilities Amount (₹) Assets Amount (₹)

Capital Fund 55,000 Building 25,000

Outstanding Expenses: Furniture 18,000

Wages 6,500 Investments 12,000

Electricity 5,200 Outstanding Subscription 7,500

Travelling Expenses 5,300 Cash at Bank 8,200

Cash in Hand 1,300

Total 72000 Total 72000

Receipts and Payments Account for the year ended 31st March 2021

Receipts Amount (₹) Payments Amount (₹)

To Balance b/d By Electricity Charges 20,500

Cash in hand 1,300 By Wages 19,200

Cash at bank 8,200 By Stationery 3,600

To Subscription 62,000 By Rent & Taxes 14,500

To Entrance Fees 30,000 By Travelling Expenses 9,000

To Other Receipts 6,500 By Furniture 9,000

By Cash in hand 3,800

By Cash at bank 28,400

Total 108,000 Total 108,000

Additional Information:

1. Outstanding wages ₹ 750

2. Half Entrance fees are to be capitalised

3. Depreciate furniture @ 10% p.a.

4. Subscription outstanding for 2020–21 was ₹ 4,200 and 2021-2022 ₹ 7,200

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