The Receipts and Payments Account of Vandana Sports Club for the year ended 31st March, 2024 are as follows: Receipts Amount Payments Amount To Balance b/d Cash in Hand Cash at Bank To Subscriptions 5,200 35,500 2,95,000 By Salaries By Rent & Electricity By Library Books By newspapers & Magazines 1,55,000 69,750 10,500 16,600 To Entrance Fees To Miscellaneous Income To interest on investments 50,000 19,850 8,000 By Sports Equipment By Sundry Expenses By Balance c/d Cash in hand Cash at bank 28,500 71,050 8,750 53,400 4,13,550 4,13,550 Details of other assets & liabilities are furnished as follows: On 31.03.2023 On 31.03.2024 Salaries Outstanding 10,200 12,400 Outstanding Rent & Electricity 6,500 7,600 Investment (8% Govt Bonds) 1,00,000 1,00,000 Interest accrued on bonds 2,000 2,000 Subscription Receivable 18,700 20,600 Subscription received in advance 7,000 8,400 Furniture 65,500 Sports Equipment 41,500 Library Books 22,000 The closing values of furniture and sports equipment area to be determined after charging depreciation at 10% and 15% respectively inclusive of additions, if any during the year. The Club's library books are revalued at the end of every year and the value at the end of 31st March, 2024 was 30,000. 60% of the Entrance fee is to be capitalized. You are required to prepare: (i) Income and Expenditure Account for the year ended 31st March, 2024 (ii) Balance Sheet as on 31st March, 2024 [June 2024, 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