Summary of Bank Transactions of a Club for the Year Ending Mar 31, 2008
|
Dr. |
Cr. |
||
|
Receipts |
Rs |
Payments |
Rs |
|
To Petty Cash in hand |
300 |
By Rent |
1,000 |
|
To Balance as per Pass Book |
5,000 |
By Entertainment |
1,500 |
|
To Subscriptions |
4,000 |
By Advertisement (for 2006 2007 Rs 200) |
1,200 |
|
To Entertainment |
2,700 |
By Capital Expenditure |
3,000 |
|
To Legacy (to be capitalised) |
1,000 |
By Upkeep of Grounds |
800 |
|
To Donation for Books |
1,500 |
By Bank Charges |
100 |
|
To General Donations |
1,200 |
By Salary |
2,400 |
|
By Party Expenses |
100 |
||
|
By Balance as per Pass Book |
5,500 |
||
|
By Petty Cash in Hand |
100 |
||
|
15,700 |
15,700 |
Information
|
Apr 1, 2007 |
Mar 31, 2008 |
|
|
Rs |
Rs |
|
|
Unpresented cheque, being payment for Rent |
200 |
100 |
|
Interest on fixed deposit of Rs 10,000 |
||
|
not entered in Pass Book |
– |
1,000 |
|
Entry in respect of bank charges was not |
||
|
passed through the Cash Book |
– |
100 |
|
A member deposited subscription for 2008–2009, |
||
|
direct into bank, not passed through the Cash Book |
– |
50 |
|
Cheques deposited for subscription but |
||
|
not yet cleared by the bank |
2,000 |
1,000 |
Required: Prepare Income and Expenditure Account for the year ending Mar 31, 2008 and Balance Sheet on that date.