Following is the Receipts and payments account of Virudhunagar Volleyball Association for the year ended 31st December, 2018
Dr. Receipts and Payments Account for the year ended 31st December, 2018 Cr.
| Receipts |
Rs. |
Rs. |
Payments |
Rs. |
Rs. |
| To balance b/d |
|
|
By Match expenses |
|
25,000 |
| Cash in hand |
|
5,000 |
By Upkeep of pavilion |
|
17,000 |
| To Subscription |
|
|
By Secretary’s honorarium |
|
18,000 |
| 2017 |
10,000 |
|
By Bats and balls purchased |
|
22,000 |
| 2018 |
55,000 |
|
By Grass seeds |
|
2,000 |
| 2019 |
5,000 |
70,000 |
By Fixed deposit |
|
58,000 |
| To Donations |
|
40,000 |
By Sundry expenses |
|
|
| To Match fund receipts |
|
30,000 |
By Balance c/d |
|
|
| To Interest on fixed deposit |
|
8,000 |
Cash in hand |
7,000 |
|
| To Miscellaneous receipts |
|
5,000 |
Cash at bank |
6,000 |
13,000 |
| |
|
1,58,000 |
|
|
1,58,000 |
Additional information:
(i) On 1.1.2018, the association owned investments Rs. 10,000, premises and grounds
Rs.40,000, stock of bats and balls Rs. 5,000.
(ii) Subscription Rs. 5,000 related to 2017 is still due.
(iii) Subscription due for the year 2018,Rs.6,000.
Prepare income and expenditure account for the year ended 31st December, 2018 and the
balance sheet as on that date
