Given Below is the Receipts and Payments Account of a Mayur Club for the year ended 31st March...........

Given Below is the Receipts and Payments Account of a Mayur Club for the year ended 31st March, 2019:

RECEIPTS AND PAYMENTS ACCOUNT

Dr. Cr.

Receipts			Payments
To Balance b/d To Subscriptions: 2017-18 2018-19 2019-20	4,000 2,05,000 6,000	1,02,500 2,15,000 54,000 95,000 4,500	By Salaries By Expenses By Drama Expenses By Newspapers By Municipal Taxes By Charity By Investments By Electricity Charges By Balance c/d	60,000 7,500 45,000 15,000 4,000 35,000 2,00,000 14,500 90,000
To Donations To Proceeds of Drama Tickets To Sale of Waste Paper
		4,71,000		4,71,000

Prepare club's Income and Expenditure Account for the year ended 31st March, 2019 and Balance Sheet as at that date after taking the following information into account:

i There are 500 members, each paying an annual subscription of 500, 5,000 are still in arrears for the year ended 31st March, 2018.

ii Municipal Taxes amounted to 4,000 per year is paid up to 30th June and 5,000 are outstanding of salaries.

iii Building stands in the books at 5,00,000.

iv 6% interest has accrued on investments for five months.

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