Additional Information :-

 i) Depreciate furniture by 15% p.a.

ii) There were 416 Life Members on 31.3.2018 the subscription payable by each member, to be a life time member is ? 125

 iii) Subscription outstanding on 31st March, 2018 6,000

Subscription outstanding on 31st March, 2019 7,000

Subscription received in advance on 31st March, 2018 4,000

Subscription received in advance on 31st March, 2019 5,000

From the following Receipts and Payments Account of Krish Fitness and wellness Club for the year ended 31st March 2020, prepare Income and Expenditure Account

Additional Information: Following opening balances appeared in the books on 1st April, 2019.

(a) Tournament fund ` 15,000.

(b) Medical Equipment `1,50,000.

(c) Outstanding Subscription was ` 8,000 and Advance Subscription `5,000 (for 2019-20). During the year 2019-20 Depreciation on medical equipment was ` 25,000. There were 600 members each paying an annual subscription of `100.