Final Accounts

For the following of the receipts and Payments Account and the additional informantion you are required to calculate income from subscriptions for the year ended 31st March 2019 and show it in the Final Accounts of the Club. Additional Information : (i) Subscriptions outstanding as at 31st March , 2018 Rs. 20,000. (ii) subscriptions outstanding as at 31st March , 2019 : Rs. 30,000. (iii) Subscriptions received in advance as at March ,2018 : Rs.20,000.

From the following extract of Receipts and Payments Account and additional information compute income from subscriptions for the year ended 31st March 2019 and show it in the Final Accounts of the Club: Additional Information: {:(,,"As at 31st March,",,"As at 31st March"),(,,2018(Rs),,2019(Rs)),("Subscriptions Outstanding",,20.000,,40.000),("Subscriptions Received in Advance",,30.000,,20.000):}

Mr. Bahadur does not know how to keep books of account. From his various records, the following particulars have been made available prepare the final Accounts, after providing for doubtful debts 5 per cent of debtors outstanding and depreciating the motor car @ 20 per cent.

The Trial Balance of M/s. Gupta & Sons shows a difference of Rs. 52,200. To prepare the Final Account on 31st March, 2019, this difference is placed in a Suspense Account. Afterwards the following errors were disclosed. Pass the necessary entries to rectify them and show the Suspense Account. (i) Purchases Book total had been undercasted by Rs. 20,000. (ii) A cheque received from Vasudev for Rs. 7,800 had been debited in the Cash Book but not posted in vasudev's Personal Account. (iii) Returns Outward Book had been overcasted by Rs. 10,000. (iv) Goods returned by Yash Pal worth Rs. 15,000 have been entered in Returns Outward Book. However, Yash Pal's Account is correctly posted.

From the following Receipts and Payments Account prepare final accounts of Chandigarh Bowling club for the year ended 31st March 2019 : Additional Information (i) The Club had 500 member each paying an annual subscription of Rs.1,500. (ii) On 31st March 2019 Salaries outstanding amounted to Rs. 12,000 and salaries paid included Rs. 60,000 for the year 2017-18. (iii) Provide 5% depreciation on Land and Building