ABC Sports Club had the following income and expenditure account for the year ended 31st Dec. 2022. Income and Expenditure Account for the year ended 31-12-2022 Amount Amount To Salaries To Stationery Expenses To Rent and Taxes To Insurance To Office Expenses To Depreciation Building Furniture Sports Equipment To Excess of Income over Expenditure 2,35,000 30,000 5,000 2,000 8,000 37,500 1,200 1,000 63,300 By Subscriptions By Interest By Donations By Miscellaneous Receipts 2,50,000 90,000 40,000 3,000 3,83,000 3,83,000 Additional information On 01.01.2021 On 31.12.2022 Govt. Securities 18,00,000 18,00,000 Subscription outstanding 70,000 1,00,000 Subscription received in advance 2,000 6,000 Salaries unpaid 10,000 15,000 Furniture 20,000 19,800 Land and building 20,00,000 19,62,500 Sports Equipment 35,000 39,000 Stock of Stationery 3,000 5,500 Cash in hand and Cash at bank as on 31-12-2021 is 1,08,000. You are required to prepare Receipts and Payments Account for the period ending 31-12- 2022 and Balance Sheet as on 31-12-2022. [Dec. 2023, 12 Marks]

The following Trial Balance is the Trial Balance of a Proprietor as on March 31st 2024. Prepare Trading and Profit & Loss Account for the year ending March 31st 2024 and a Balance Sheet as at that date. Particulars Amount Particulars Amount Plant and Machinery 5,00,000 Capital 4,00,000 Office Furniture 26,000 Sundry Creditors 5,20,000 Opening stock 4,80,000 Sales 48,00,000 Motor van 1,20,000 Bills payables 56,000 Sundry debtors 4,57,000 Provision for doubtful doubts 25,000 Cash in hand 4,000 Return outwards 55,000 Cash at Bank 65,000 Discount received 37,000 Wages 15,00,000 Salaries 1,40,000 Purchases 21,35,000 Bills Receivable 72,000 Return inwards 93,000 Drawings 70,000 Advertisements 60,000 Factory Rent 8,000 Insurance 63,000 General Expenses 10,000 Bad debts 25,000 Discount allowed 65,000 58,93,000 58,93,000 Additional Information to be considered: (i) Closing Stock on March 31st 2024 is 5,20,000. (ii) During the year, Plant and Machinery was purchased for ₹ 3,00,000 but it was debited to Purchase Account. (iii) 3 months factory rent is due but not paid ₹ 3,000. (iv) Provide depreciation at 5% per annum on furniture and 10% on plant and machinery and motor van. (v) Further bad debts 7,000. (vi) Provision for doubtful debts to be increased to ₹ 30,000 at year end. (vii) Provision for discount on Debtors to be made at 2%. [Sept. 2024, 10 Marks]

Income and Expenditure A/c

Receipt and Payment A/c

Entrance Fees

Membership fees

Donation