Page 104 - VIRANSH COACHING CLASSES

Working Note :
1) Calculation of Capital Fund as on 1-4-2017
Balance Sheet
st
as on 1 April 2017
Liabilities Amount Assets Amount
` `
Building Fund 2,10,000 Cash at Bank 22,250
Capital Fund 1,72,250 O/s Subscription (2016-17) 10,000
(Balancing figure) Machinery 50,000
Investment 3,00,000

3,82,250 3,82,250

2) Current years O/s Subscription
Subscription Outstanding on 1 April, 2017 = 10,000
st
Less Subscription Received for 2016-17 = 8,000
2,000
Subscription Still Outstanding for =

Subscription Outstanding on 31 March, 2018 is given ` 6,000 which includes ` 2,000 for
st
2016-17 i.e. Current years Subscription Outstanding will be ` (6,000-2,000) ` 4,000.

13 : Following is the summary of Receipts and Payments of Jay Hanuman Vyayamshala,
st
Aurangabad for the year ended 31 March 2020.
Receipts & Payments Account
st
for the year ended 31 March 2020
Dr. Cr.
Receipts Amount Payments Amount
` `
To Balance b/d 32,800 By Salary 50,000
To Subscription By Lighting 10,500
2018 - 19 4,000 By General Expenses 20,000

2019 - 20 2,30,000 2,34,000 By Maintenances charges 40,000
To Donations 60,000 By Entertainment Exp. 35,000
To Receipts from Entertainments 40,000 By Printing & Stationery 7,000
To Interest on F. D. 3,000 By Expenses for 2018 - 19 25,000
To Entrance fees 50,000 By Investment 1,50,000
To Income from Investment 1,000 By 8 % Fixed Deposit with 50,000

Wai Urban Bank Ltd.
By Balance c/d 33,300
4,20,800 4,20,800

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