Accounting for Not-for-Profit Organisation (NPO)
Question 1:
From the following particulars relating to A Ltd., prepare a Receipt and Payment account for the year ending March 31, 2025.
| Particulars | Amount (₹) | Particulars | Amount (₹) |
| Opening Cash Balance Opening Bank Balance Subscriptions collected for : 2023-24 ₹ 400 2024-25 ₹ 7,600 2025-26 ₹ 900 Sale of refreshments Entrance fees received | 1,000 7,200 9,000 1,000 1,000 | Sale of old sports materials Donation received for pavilion Rent paid Sports materials purchases Purchase of refreshments Expenses for maintenance of tennis court Salary paid Tournament expenses Furniture purchased Office expenses Closing cash in hand | 1,200 4,600 3,000 4,800 600 2,000 2,500 2,400 1,500 1,200 400 |
Question 2:
From the Receipt and Payment Account given below, prepare the Income and Expenditure Account of Clean Delhi Club for the year ended March 31, 2024.
Receipt and Payment Account for the year ending March 31, 2024
| Receipts | Amount (₹) | Payments | Amount (₹) |
| Balance b/d (cash in hand) Subscriptions Entrance Fees Donations Rent of hall Salel of Investments | 3,200 22,500 1,250 2,500 750 3,000 | Salary Rent Electricity Taxes Printing and Stationery Sundry Expenses Books purchased Govt. bonds purchased Fixed Deposit with Bank (on 31.03.2024) Balance c/d \(\;\) Cash in hand \(\;\) 400 \(\;\) Cash at bank \(\;\) 1,500 | 1,500 800 3,500 1,700 380 920 7,500 10,000 5,000 1,900 |
| 33,200 | 33,200 |
