Following is the Receipts and Payments Account of Delhi Football Club for the year ended 31st ...........

Following is the Receipts and Payments Account of Delhi Football 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	18,000	By Building	4,00,000
To Donations for Building	4,50,000	By Project Expenses	90,000
To Donations	50,000	YoungTalentSearchandDevelopment
To Government Grant	1,00,000	By Match Expenses By Furniture By 10% Investments Purchasedon1stJuly, 2018 By Salaries By Insurance By Sundry Expenses By Closing c/d Cash By Bank (Young Talent Search and Development	90,000
YoungTalentSearchandDevelopment			1,21,000
To Life Membership Fees	40,000		1,60,000
To Match Fund	80,000
To Subscriptions	52,000		70,000
To Locker Rent	4,000		3,500
To Interest on Investments	10,000		4,700
To Sale of Furniture	1,00,000		4,800
Bookvalue 80, 000			10,000
To Entrance Fees	50,000
	9,54,000		9,54,000

Additional Information:

During the year ended 31st March, 2019, the club had 550 members and each paying an annual subscription of 100.

Salaries Outstanding as at 1st April, 2018 were 10,000 and as at 31st March, 2019 were 5,000. Prepare Income and Expenditure Account of the Club for the year ended 31st March, 2019.

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