Prepare Income and Expenditure Account for the year ended 31st March 2019 from the following RECEIPT...........

Prepare Income and Expenditure Account for the year ended 31st March, 2019 from the following:

RECEIPTS AND PAYMENTS ACCOUNT

for the year ended 31st March, 2019

Dr. Cr.

Receipts		Payments
To Balanceb/d cash	1,80,000	By Salaries	4,80,000
To Subscriptions	9,00,000	By Rent	50,000
To Sale of Investments	2,00,000	By Stationery	20,000
To Sale of Old Furniture BookValue 40, 000	30,000	By Defence Bonds	3,00,000
To Donations	10,000	By Furniture	2,00,000
		By Bicycles	30,000
		By Balance c/d Cash	2,40,000
	13,20,000		13,20,000