Club and society account.

Part 2
Structure of receipt and payment account.
Date Details $ Date Details $
1/1/xx Bal b/f Xxxx secretary Xxxxx
Subscription salary
fee Xxxx water bill Xxxx
Donation Xxxx electricity Xxxx
Life maintenance Xxxx
member expense on
subscription Xxxx an event Xxxx
Income 31/1/xx Bal c/d Xxxx
from an Xxxx
event
Xxxxx xxxxx
1/2/xx Bal c/d xxxxx

Structure of income and expenditure account

Income
Subscription fee Xxxxx
Income from an
event Xxxxx
donation xxxxx Xxxxxx

Expenditure
Secretary salary (xxxx)
Water n electricity ( xxxx)
Maintenance ( xxxx)
Expenses on an event ( xxxx) ( xxxx)
Surplus /deficit xxxxx
Activity no 1 :
Following receipt and payment could be seen in Bright star sport club
for the year ended 31st December 2021.
There are 200 members in the club and subscription fee per head $ 10
monthly.
Receipts during the year
Subscription fee $ 21,000
Donation $ 1,000
Income by selling ticket of a musical show organized by club $ 2,300
Payment during the year
Building maintenance $ 4,100
Water n electricity paid $ 1,300
Expenses on musical show organized by the club $ 1,100
Salary for treasurer $ 2,400
Opening cash balance $ 1,900.
If there is accrued $ 40 water and prepaid $ 15 electricity in the club.
Prepare : receipt and payment a/c , income n expenditure a/c n
subscription account.
Details $ Details $
Bal b/d 1,900 Building
Subscription 21,000 maintenance 4,100
fee Water n
Donation 1,000 electricity 1,300
Selling ticket 2,300 Expenses on
tickets 1,100
 Salary-
treasurer 2,400
Bal c/d ????
26,200 26,200
Income n expenditure a/c
Income
Subscription fee ??
Donation 1,000
Selling tickets 2,300 ???

Expenditure
Building 4,100
maintenance
Water n electricity ???
Expense on ticket 1,100
Salary- treasurer 2,400 ????

Surplus ?????
Subscription a/c
Details $ Details $

Receipt n 21,000
payment a/c
Bal c/d 3,000
24,000 24.000
Bal b/f 3,000