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*******NON-PROFIT ORGANISATIONS*******

* The balance sheet as at 1st jan 2000 and the receipts and payments account for the
year ended 31st dec 2000 of the young sports club are as under.
Balance sheet as on 1st Jan 2000
Liabilities Amount Assets Amount
Capital fund 30,000 Building 9,500
Outstandingexpenses Furniture 5,000
: Entrance fee receivable 200
Salaries 400 700 Subscriptions fee receivable 800
Printing 300 Sports material & equipment 28,000
Income and 23,300 Cash in hand 4,200
expenditure A/c Cash at bank 6,300
54,000 54,000
Receipts and payment A/c for the year ending 31.12.2000
Receipts Amount Payments Amount
To balance b/d By cricket tournament exp. 16,460
Cash in hand 4,200 By printing and stationery 860
Cash at bank 6,300 10,500 By salaries and honorarium 1,600
To subscriptions 18,000 By repairs to building 500
To entrance fees 4,000 By newspapers and periodicals 470
To receipts from By advertising exp. 300
cricket tournament 14,520 By insurance 400
To interest on bank 300 By investments 15,000
By balance c/d 11,730
47,320 47,320
Additional information:
1.subscriptions of the amount of Rs 800 were receivable as on 31.12.00
2.subscriptions Rs 200 and entrance fees Rs 300 were received in advance
3. O/s exp. Were: salaries and honorarium –Rs 100, insurance-Rs 50, cricket
tournament exp. Rs 250.
Prepare income and expenditure for the year ended 31st dec2000 and balance sheet
For the year ended 31st dec2000.

ACCOUNTANCY N-P-O