The following is the Receipts and Payments account of Madurai City Club for the year ending 31st March, 2018.
Madurai City Club Dr. Receipts and Payments Account for the year ended 31st March, 2018 Cr
| Receipts |
Rs. |
Rs. |
Payments |
Rs. |
Rs. |
| To Balance b/d: |
|
|
By Upkeep of ground |
|
16,500 |
| Cash |
500 |
|
By Match expenses |
|
19,000 |
| Bank |
7,000 |
7,500 |
By Sundry expenses |
|
11,000 |
| To Subscription (including |
|
|
|
|
|
| Rs. 4,000 for 2016-2017) |
|
30,000 |
By Balance c/d: |
|
|
| To Legacies |
|
9,000 |
Cash in hand |
1,500 |
|
| To Hall rent |
|
10,000 |
Cash at bank |
11,000 |
12,500 |
| To Receipts for match fund |
|
22,500 |
|
|
|
| |
|
79,000 |
|
|
79,000 |
Additional information:
On 1st April, 2017, the club had investment of Rs.40,000. The club also had a credit balance of` 30,000 in Match fund account. On 31st March, 2017 subscriptions in arrears were Rs. 4,000and the subscriptions in arrears on 31st March, 2018 were Rs.4,500. Prepare the final accounts.
