Page 97 - VIRANSH COACHING CLASSES

10 : Saraswati High School, Khed showed the following position on 31 March 2018
st
Balance Sheet
as on 31 March 2018
st
Liabilities Amount Amount Assets Amount Amount
` ` ` `
Capital Fund 6,80,000 Cash in Hand 5,000
Entrance fees 20,000 Cash at Bank 8,000
Laboratory 15,000

Building 6,00,000
Furniture 40,000
Books 22,000
Tuition fees 10,000
Receivable

7,00,000 7,00,000

Receipts and Payments Account
for the year ended 31 March 2019
st
Dr. Cr.
Receipts Amount Amount Payments Amount Amount
` ` ` `
To Balance b/d By Salaries to Teachers 1,80,000
Cash 5,000 By Salaries to Office 30,000
Bank 8,000 13,000 staff
To Tuition fees By Books 15,000
2017 - 18 8,000 (Purchased on 1-1-2019)
2018 - 19 1,00,000 1,08,000 By Printing & Stationery 5,000

To Fine Collected 2,000 By Annual 10,000
To Admission fees 10,000 Gathering Exp
To Term fees 7,000 By Office Rent 16,000
To Donations to for 1,000 By Repairs 15,000
Library By Sports Exp. 5,000
To Interest on Bank 5,000 By Furniture 50,000
Deposits (Purchased on 1-7-2018)
To Govt. Grants 2,00,000 By Balance c/d

(Revenue) Cash 8,000
Bank 12,000 20,000

3,46,000 3,46,000

88