From the following Receipts and Payments Account of Mumbai Theatre Club prepare Income and Expenditu...........

From the following Receipts and Payments Account of Mumbai Theatre Club, prepare Income and Expenditure Account for the year ended 31st March, 2019 and Balance Sheet as at that date:

RECEIPTS AND PAYMENTS ACCOUNT

Dr. Cr.

Receipts		Payments
To Balance b/d:		By Salary By Repair Expenses By Furniture By Miscellaneous Expenses By Investments By Insurance Premium By Billiard Table By Paper, lnk, etc. By Drama Expenses By Balance c/d: Cash and Bank	20,000
Cash and Bank	1,40,000		5,000
To Donations	50,000		60,000
To Subscriptions	1,20,000		5,000
To Entrance Fees	10,000		60,000
To Interest on Investments	1,000		2,000
To Interest Received from Bank	4,000		80,000
To Sale of Old Newspapers	1,500		1,500
To Sale of Drama Tickets	10,500		5,000
			98,500
	3,37,000		3,37,000