Following is the summary of cash transactions of the Royal Club for the year ended 31st March ...........

Following is the summary of cash transactions of the Royal Club for the year ended 31st March, 2019:

RECEIPTS AND PAYMENTS ACCOUNT

for the year ended 31st March, 2019

Dr. Cr.

Receipts			Payments
To Balance b/d Cash in Hand Cash at Bank	10,000 21,900	31,900 25,500 1,60,000 16,500 25,000 5,600	By Rent By Wages By Electricity Charges By Honorarium By Books By Office Expenses By 3% Fixed Deposit 1stOctober, 2018 By Balance c/d: By Balance c/d		16,800 24,500 7,200 43,500 21,300 45,000 80,000
To Entrance Fees To Subscriptions To Donations To Life Membership Fees To Profit on Entertainment
					24,200 2,000
			Cash in Hand Cash at Bank	2,000 24,200	26,200
		2,64,500			2,64,500

In the beginning of the year, the club possessed Books of 2,00,000 and Furniture of 85,000. Subscriptions in arrears in the beginning of the year amounted to 3,500 and at the end of the year 4,500 and six months Rent was due both in the beginning of the year and at the end of the year.

Prepare Income and Expenditure Account of the club for the year ended 31st March, 2019 and its Balance Sheet as at that date after writing off 5,000 and 11,300 on Furniture and books respectively.

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