Ncert Solution Class 12 Accountancy Npo

Numerical Questions | Q 1 | Page 51

From the following particulars taken from the Cash Book of a health club, prepare a Receipts and Payments Account.

Particulars	Rs
Opening balance:
Cash in Hand	5000
Cash at Bank	25000
Subscriptions	165000
Donations	35000
Investment Purchased	80000
Rent Paid	20000
General Expenses	21500
Postage and stationery	2000
Courier charges	1000
Sundry Expenses	2500
Closing Cash in Hand	12000

Numerical Questions | Q 2 | Page 52

The Receipt and Payment Account ofHarimohan charitable institution is given:

Receipt and Payment Account for the year ending March 31, 2015

Receipts	Amount (Rs)	Payments	Amount (Rs)
Balance b/d:		Furniture	3000
Cash at Bank	22000	Investments	55000
Cash in Hand	8800	Advance for building	20,000
Donations	32000	Charities	60000
Subscriptions	50200	Salaries	10400
Endowment Fund	60000	Rent and Taxes	4000
Legacies	24000	Printing	1000
Interest on Investment	3800	Postage	300
Interest on Deposits	800	Advertisements	1,100
Sale of old newspapers	500	Insurance	4,800
		Balance c/d:
		Cash at Bank	32000
		Cash in Hand	10500
	202100		202100

Prepare the Income and Expenditure Account for the Year ended on March 31, 2015 after considering the following:

1. It was decided to treat Fifty per cent of the amount received on account of Legacies and Donations as income.
2. Liabilities to be provided for are:
Rent Rs 800; Salaries Rs 1,200; advertisement Rs 200.

3. Rs 2,000 due for interest on investment was not actually received.

Numerical Questions | Q 3 | Page 52

From the following particulars, prepare Income and Expenditure account:

Details	Amount (RS)
Fees collected, including Rs 80,000 on account of the previous year	520000
Fees for the year outstanding	30000
Salary paid, including Rs 5,000 on account of the previous year	68000
Salary outstanding at the end of the year	3000
Entertainment expenses	8000
Tournament expenses	25000
Meeting Expenses	18000
Traveling Expenses	7000
Purchase of Books and Periodicals, including Rs 31,000 for purchase of Books	40000
Rent	15000
Postage, telegrams and telephones	6000
Printing and Stationery	18000
Donations received	25000

Numerical Questions | Q 4 | Page 53

Following is the information given in respect of certain items of a Sports Club. Show these items in the Income and Expenditure Account and the Balance Sheet of the Club:

Particulars	Rs
Sports Fund as on 1.4.2015	35000
Sports Fund Investments	35000
Interest on Sports Fund	4000
Donations for Sports Fund	15000
Sports Prizes awarded	10000
Expenses on Sports Events	4000
General Fund	80000
General Fund Investments	80000
Interest on General Fund Investments	8000

Numerical Questions | Q 5 | Page 53

How will you deal with the following items while preparing for the Bombay Women Cricket Club its income and expenditure account for the year ending 31.3.2017 and its Balance Sheet as on 31.3.2017:

	Rs
a) Donation received during the year for the construction of a permanent Expenditure incurred up to 31.3.2017 on its construction The total estimated expenditure on construction of Pavilion being	1225000 1080000 2500000
b) Tournament Fund: Balance as on 1.4.2016 Subscriptions for tournament received during the year Expenditure incurred during the year on conducting tournaments	10700 65800 72400
c) Life Membership fee received during the year	28000

Give reasons for your answers

Numerical Questions | Q 6 | Page 53

From the following receipts and payments and information given below, Prepare Income and Expenditure Account and opening Balance Sheet of Adult LiteracyOrganisation as on December 31, 2017.

Receipt and Payment Account for the year ending

as on December 31, 2017

Receipts		Amount (Rs)	Payments	Amount (Rs)
Balance b/d			General Expenses	3,200
Cash in hand		4000	News paper	1850
Cash at Bank		15550	Electricity	3000
Subscriptions			Fixed deposit with bank (on 31.06.2017) @ 10% p.a.	18000
2016	1200	28200	Books	7000
2017	26500		Salary	3600
2018	500		Rent	6500
Sale of old newspapers		1250	Postage charges	300
Govt. grant		12000	Furniture (purchased)	10500
Sale of old furniture (book value Rs 5, 000)		3700	Balance c/d
Interest received on FD		450	Cash in Hand	3000
			Cash at Bank	8200
		65150		65150

Information:

(i) Subscription outstanding as on 31.12. 2016 Rs 2,000 and on December 31, 2017 Rs 1,500.

(ii) On December 31, 2017 Salary outstanding Rs 600, and one month rent paid in advance.

(iii) On Jan. 01, 2016 organization owned Furniture Rs 12,000, Books Rs 5,000.

Numerical Questions | Q 7 | Page 54

The following is the account of cash transactions of the Nari Kalayan Samittee for the year ended December 31, 2017:

Receipts	Amount (Rs)	Payments	Amount (Rs)
Balance from last year	2270	Rent	6600
Subscriptions	32500	Electric charges	3,200
Life membership fee	3250	Lecturer's fee	730
Donation	2500	Office expenses	1,480
Profit from entertainment	7250	Printing and Stationery	1,050
Sale of old Books (books value Rs 1,000)	750	Legal fee	1,870
Interest	350	Books	6,500
		Furniture purchased	8,600
		Expenses on nukar drama	1,300
		Cash in hand	8040
		Cash at bank	9500
	48870		48870

You are required to prepare an Income and Expenditure Account after the following adjustments:

(a) Subscription still to be received are Rs 750, but subscription include Rs 500 for the year 2018.

(b) In the beginning of the year the Sangh owned building Rs 20,000 and furniture Rs 3,000 and Books Rs 2,000.

Numerical Questions | Q 8 | Page 55

Following is the Receipt and Payment Account of Indian Sports Club, prepared Income and Expenditure Account, Balance Sheet as on December 31, 2017:

Receipt and Payment Account
for the year ending December 31, 2017

Receipts	Amount (Rs)	Payments	Amount (Rs)
Balance b/d	7,890	Salary	11,000
Subscriptions	52,000	Electric charges	5,500
Life member ship fee	2,200	Billiard Table	17,500
Entrance fee	3,200	Office expenses	4,100
Tournament fund	26,000	Printing and Stationery	2,300
Locker Rent	1,250	Tournament expenses	18,500
Sale of old sports goods (Costing Rs 2,200)	2,500	Repair of ground	2,000
Sale of Old Newspaper	750	Furniture purchased	7,700
Legacy	37,500	Sports equipments	12,000
		Cash in Hand	12,690
		Cash at Bank	10,000
		Fixed Deposit (on 1.10.17 for 10%p.a)	30,000
	133290		133290

Other Information:

Subscription outstanding was on December 31, 2016 Rs 1,200 and Rs 3,200 on December 31, 2017. Locker rent outstanding on December 31, 2017 Rs 250. Salary outstanding on December 31, 2017 Rs 1,000.
On January 1, 2017, club has Building Rs 36,000, furniture Rs 12,000, Sports equipments Rs 17,500. Depreciation charged on these items @ 10% (including Purchase).

Numerical Questions | Q 9 | Page 55

From the following Receipt and Payment Account of JanKalyan Club, prepare Income and Expenditure Account and Balance Sheet for the year ending March 31, 2017.

Receipt and Payment Account
for the year ending March 31, 2017

Dr. Cr.

Receipts	Amount (Rs)	Payments	Amount (Rs)
Cash in hand as on 1.4.16	6,800	Salaries	24,000
Subscription	60,200	Traveling Expenses	6,000
Donation	3,000	Stationery	2,300
Sale of furniture (Book value Rs 6000)	4,000	Rent	16,000
Entrance fee	800	Repair	700
Life membership fee	7,000	Books purchased	6,000
Interest on investment (@ 5% for full year)	5,000	Building purchased	30,000
		Cash in hand as 31.3.2017	1,800
	86800		86800

Additional Information:

		As on 1.04.2016	As on 31.03.2017
i)	Subscription received in advance	1,000	3,200
ii)	Outstanding subscription	2,000	3,700
iii)	Stock of stationery	1,200	800
iv)	Books	13,500	16,500
v)	Furniture	16,000	8,000
vi)	Outstanding rent	1,000	2,000

Numerical Questions | Q 10 | Page 56

Receipt and Payment Account of Shankar Sports club is given below, for the year ended March 31, 2017

Receipt and Payment Account
for the year ending March 31, 2017

Receipts	Amount (Rs)	Payments	Amount (Rs)
Opening Cash in hand	2,600	Rent	18,000
Entrance fees	3,200	Wages	7,000
Donation for building	23,000	Billiard table	14,000
Locker rent	1,200	Furniture	10,000
Life membership fee	7,000	Interest	2,000
Profit from entertainment	3,000	Postage	1,000
Subscription	40,000	Salary	24,000
		Cash in hand	4,000
	80,000		80,000

Prepare Income and Expenditure Account and Balance Sheet with help of following Information:

Subscription outstanding on March 31, 2016 is Rs 1, 200 and Rs 2,300 on March 31, 2017, opening stock of postage stamps is Rs 300 and closing stock is Rs 200, Rent Rs 1,500 related to 2015 and Rs 1,500 is still unpaid.

On April 01, 2016 the club owned furniture Rs 15,000, Furniture valued at Rs 22,500

On March, 31, 2017, The club took a loan of Rs 20,000 (@ 10% p.a.) in 2017.

Numerical Questions | Q 11 | Page 57

Prepare Income and Expenditure Account and Balance Sheet for the year ended December 31, 2016 from the following Receipt and Payment Account and Balance Sheet of culture club:

Receipt and Payment Account
for the year ending March 31, 2016

Receipts		Amount (Rs)	Payments	Amount (Rs)
Opening cash balance		12000	Furniture	4,000
Subscription			Telephone expenses	800
2014-2015	2,000	24,000	Salary
2015-2016	22,000	24,000	2014-2015	1000
Entrance fees		2,800	2015-2016	4000
Locker rent		1000	Newspapers	700
Life membership fee		1200	Sundry expenses	1,000
Government grant		11,000	Defence bonds	18,000
			Land	20,000
			Closing cash balance	2,500
		52000		52,000

Balance Sheet
for the year ending March 31, 2015

Liabilities	Amount (Rs)	Assets	Amount (Rs)
Advance locker rent	200	Cash in hand	12,000
Subscription Received in	1,000	Outstanding Expenses	3,000
Advance Outstanding salary	2,000	Building	35,000
Loan	10,000
Capital fund	36,800
	50000		50000

Numerical Questions | Q 12 | Page 58

From the following Receipt and Payment Account prepare final accounts of a Unity Club for the year ended March 31, 2017.

Receipt and Payment Accounts
for the year ending March 31, 2017

Receipts		Amount (Rs)	Payments	Amount (Rs)
Balance b/d		15,000	Furniture	18,000
Sale of Old furniture (costing Rs 6,000)		4,000	Library books	10,000
Subscriptions:			Salaries	72,000
2015–16	18,000	90,000	General expenses	18,000
2016–17	60,000		Electric charges	12,000
2017–18	12,000		Newspapers	33,800
Sale of old newspapers		10800	Postage	3,000
Profit from entertainment		44,000	Stationery	40,000
Rent		84000	Audit fee	8,000
			Balance c/d	33,000
		247800		2,47,800

Balance Sheet
as on March 31, 2016

Liabilities	Amount (Rs)	Assets	Amount (Rs)
Outstanding Salary	6,000	Cash	15,000
Capital Fund	6,94,000	Outstanding subscription	18,000
		Library Books	30,000
		Furniture	37,000
		Land and Building	6,00,000
	7,00,000		7,00,000

Additional Information:

1.The club has 500 members each paying an annual subscription of Rs 150.

2.On 31.3.2016 salaries outstanding amounted to Rs 1200 and salaries paid included Rs. 6000 for the year 2015 - 16

3.Provide 5% depreciation on land and building.

Numerical Questions | Q 13 | Page 58

Following is the information in respect of certain items of a Sports Club. You are required to show them in the Income and Expenditure Account and the Balance Sheet.

Details	Amount (Rs)
Sports Fund as on April 1, 2016	80000
Sports Fund Investments	80000
Interest on Sports Fund Investments	8000
Donations for Sports Fund	30000
Sports Prizes awarded	16000
Expenses on Sports Events	7000
General Fund	200000
General Fund Investments	200000
Interest on General Fund Investments	20000

Numerical Questions | Q 14 | Page 56

Receipt and Payment Account of Maitrey Sports Club showed that Rs 68,500 were received by way of subscriptions for the year ended on March 31, 2017.

The additional information was as under:

1. Subscription Outstanding as on March 31, 2016 were Rs 6,500,

2. Subscription received in advance as on March 31, 2016 were Rs 4,100,

3. Subscription Outstanding as on March 31, 2017 were Rs 5,400,

4. Subscription received in advance as on March 31, 2017 were Rs 2,500.

Show how that above information would appear in the final accounts for the year ended on March 31, 2017 of Maitrey Sports Club.

Numerical Questions | Q 15 | Page 59

Following is the Receipt and Payment account ofRohatgiTrust :

Receipt and Payment Account
for the year ending December 31, 2017

Receipts		Amount (Rs)	Payments	Amount (Rs)
Cash in hand		14000	Rent	6,000
Cash at Bank		60000	Salary	12,000
Subscriptions:			Postage	300
2016	5000	91000	Electricity charges	6,000
2017	83000		Purchase of furniture	20000
2018	3000		Books	3,000
Sale of Investment		90,000	Defence Bonds	1,50,000
Interest on Investment		2000	Help to needy students	22,000
Sale of furniture (book value Rs 3,000)		3200	Cash in hand	10,900
			Cash at bank	30,000
		260200		260200

Prepare Income and expenditure account for the year ended December 31, 2017, and a balance sheet as on that date after the following adjustments: Subscription for 2017, still owing were Rs 7,000. Interest due ondefence bonds was Rs7,000, Rent still owing was Rs 1,000. The Book value of investment sold was Rs 80,000, Rs 30,000 of the investment were still in hand. Subscription received in 2017 included Rs 400 from a life member. The total furniture on January 1, 2017 was worth Rs 12,000. Salary paid for the year 2018 is Rs 2,000.

Numerical Questions | Q 16 | Page 60

Following Receipt and Payment Account was prepared from the cash book of Delhi Charitable Trust for the year ending December 31, 2017

Receipt and Payment Account
for the year ending December 31, 2017

Receipts	Amount ( Rs)	Payments	Amount ( Rs)
Balance b/d		Charity	11500
Cash in hand	11500	Rent and taxes	3200
Cash at bank	12600	Salary	6000
Donation	9000	Printing	600
Subscription	42,800	Postage	300
Legacies	18,000	Advertisements	4500
Interest on investment	4,500	Insurances	2000
Sale of old newspapers	200	Furniture	21600
		Investment	23000
		Balance c/d:
		Cash in hand	9900
		Cash at bank	16000
	98,600		98,600

Prepare Income and expenditure account for the year ended December 31, 2017, and a balance sheet as on that date after the following adjustments:

1. It was decided to treat one-third of the amount received on account of donation as income.

2. Insurance premium was paid in advance for three months.

3. Interest on investment Rs1,100 accrued was not received.

4. Rent Rs600: salary Rs900 and advertisement expenses Rs1,000 outstanding as on December 31, 2017.

Numerical Questions | Q 17 | Page 60

From the following Receipt and Payment Account of a club, prepare Income and Expenditure Account for the year ended March 31, 2017 and the Balance Sheet as on that date.

Receipt and Payment Account
for the year ending March 31, 2017

Receipts		Amount (Rs)	Payments	Amopunt (Rs)
Balance b/d		3500	General expenses	900
Subscription:			Salary	16000
2015 - 16	2000	75000	Postage	1300
2016 - 17	70000		Electricity charges	7800
2017 - 18	3000		Furniture	26500
Sale of old Books (Costing Rs 3,200)		2000	Books	13000
Rent from use of hall		17000	Newspapers	600
Sale of newspapers		400	Meeting expenses	7200
Profit from entertainment		7300	T.V. set	16000
			Balance c/d	15,900
		105200		105200

Additional Information :

1. The club has 100 members each paying an annual subscription of Rs 900. Subscriptions outstanding on March 31, 2016 were Rs 3,600.

2. On March 31,2017, salary outstanding amounted to Rs 1,000, Salary paid included Rs 1,000 for the year 2012.

3. On April 1, 2017 the club owned land and building Rs 25,000, furniture Rs 2,600 and books Rs 6,200.

Numerical Questions | Q 18 | Page 61

Following is the Receipt and Payment Account of Women's Welfare Club for the year ended December 31, 2017:

Receipt and Payment Account
for the year ending December 31, 2017

Receipts	Amount (Rs)	Payments	Amount (Rs)
Balance b/d	7250	Salary	12500
Subscriptions	81750	Stationery	1700
Donations	3000	Electricity charges	9550
Grant from Government	15000	Insurance	7500
Sale of newspapers	300	Equipments	30000
Proceeds of charity show	16500	Petty expenses	500
Interest on investments @10% for full year	7000	Expenses on charity show	12900
Sundries income	400	Newspapers	1000
		Lectures fee	16500
		Honorarium to Secretary	12000
		Balance c/d	27050
	131200		131200

Additional Information:

	01.01.2017 (Rs)	31.12.2017 (Rs)
Outstanding salaries	1200	1800
Insurance prepaid	700	300
Subscription outstanding	3750	2500
Subscription received in advanced	1750	1000
Electricity charges outstanding	-	1250
Stock of stationery	2250	700
Equipments	25600	50200
Building	120000	114000

Prepare Income and Expenditure Account for the year ended December 31, 2017 and Balance Sheet as on that date.

Numerical Questions | Q 19 | Page 62

As at March 31, 2017 the following balances have beenextracted from the books of the Indian Chartered Accountants Recreation Club and you are asked to prepare (1) Trading Account for ascertaining gross profit derived from running restaurant and dining room and (2) Income and Expenditure Account for the year ended March 31, 2017 (3) and a Balance Sheet as at that date.

Debit Balances	Rs	Credit Balances	Rs
Stock-in-hand	1170	Receipts Dining Room	87660
Purchases	24660	Subscriptions	9450
Dining Room	32370	Billiard's Receipts	7300
Rent	10470	Sunday Receipts	410
Wages	18690	Interest on Fixed Deposit	270
Repairs and Renewals	5400	Sundry Creditors	5310
Fuel and Light	5280	Grant from Institute (permanent)	42000
Misc. Expenses	4050	Income and Exp. A/c (1.4.16)	1380
Cash in hand	560	Suspense A/c (See note)	60
Cash at bank	2760
Fixed Deposit	8500
Sundry Debtors	2250
China glass, cutlery and linen	600
Billiard Table	2070
Fixtures and Fittings	870
Furniture	4140
Club Premises	30000
	1,53,840		1,53,840

On March 31, 2016 stock of restaurant consisted of Rs 900 and Rs 60 respectively. Provide depreciations Rs 60 on fixtures and fittings, Rs 390 on billiard table and Rs 560 on furniture.

Ncert Solution Class 12 Accountancy Npo

Source: https://www.shaalaa.com/textbook-solutions/c/ncert-solutions-class-12-accountancy-not-for-profit-organisation-and-partnership-accounts-chapter-1-accounting-not-for-profit-organisation_1580

Wall Otham1991

Ncert Solution Class 12 Accountancy Npo

Menu Halaman Statis