Following is the Receipt and Payment Account of Indian Sports Club, Prepared Income and Expenditure Account, Balance Sheet - Bzziii.com

Following is the Receipt and Payment Account of Indian Sports Club, prepared Income and Expenditure Account, Balance Sheet as on December 31, 2017:

Receipt and Payment Account
 for the year ending December 31, 2017

Receipts	Amount (Rs)	Payments	Amount (Rs)
Balance b/d	7,890	Salary	11,000
Subscriptions	52,000	Electric charges	5,500
Life member ship fee	2,200	Billiard Table	17,500
Entrance fee	3,200	Office expenses	4,100
Tournament fund	26,000	Printing and Stationery	2,300
Locker Rent	1,250	Tournament expenses	18,500
Sale of old sports goods (Costing Rs 2,200)	2,500	Repair of ground	2,000
Sale of Old Newspaper	750	Furniture purchased	7,700
Legacy	37,500	Sports equipments	12,000
		Cash in Hand	12,690
		Cash at Bank	10,000
		Fixed Deposit (on 1.10.06 for 10% p.a)	30,000
	1,33,290		1,33,290

Other Information:

Subscription outstanding was on December 31, 2005 Rs 1,200 and Rs 3,200 on December 31, 2006. Locker rent outstanding on December 31, 2006 Rs 250. Salary outstanding on December 31, 2006 Rs 1,000.

On January 1, 2006, club has Building Rs 36,000, furniture Rs 12,000, Sports equipments Rs 17,500. Depreciation charged on these items @ 10% (including Purchase).

Indian Sport Club
Income and Expenditure Account
as on Dec.31,2017

Expenditure		Amount	Income		Amount
Salaries		24,000	Subscription	60,200
Loss on Sale of Furniture(Rs 6,000-Rs 4,000)		2,000	Less:Outstanding for 2016	(2,000)
Travelling Expenses		6,000	58,200
Stationary	2,300		Add:Outstanding for 2017               3,700
Add:Opening Stock	1,200		62,900
	3,500		Less:Advanced in 2017              (3,200)		59,700
Less:Closing Stock	(800)	2,700	Donation		3,000
Repairs		700	Entranced fees		800
Rent	16,000		Interest on Investment		5,000
Less:Outstanding for 2016	(1,000)
	15,000
Add:Outstanding for 2017	2,000	17,000
Depreciation on Books		3,000
Depreciation on Furniture		2,000
Surplus		11,100
		68,500			68,500

Balance sheet
as on April 1,2016

Liabilities	Amount	Assets	Amount
Outstanding Rent	1,000	Cash in hand	6,800
Advanced Subscription	1,000	Investment	1,00,000
Capital Fund(balancing figure)	1,37,500	Subscription Outstanding	2,000
		Stock and Stationary	1,200
		Books	13,500
		Furniture	16,000
	1,39,500		1,39,500

Balance sheet
as on March 31,2017

Liabilities		Amount	Assets		Amount
Advanced Subscription		3,200	Stock of Stationary		3,700
Outstanding Rent		2,000	Subscription Outstanding		3,700
Capital Fund	1,37,500		Investment		1,00,000
Add:Life membership Fees	7,000		Books	13,500
Add: Surplus	11,100	1,55,600	Add:Purchases	6,000
				19,500
			Less:Depreciation	(3,000)	16,500
			Furniture	16,000
			Less:Sales	6,000
				10,000
			Less:Depreciation	(2,000)	8,000
			Building		30,000
			Cash in hand		1,800
		1,60,800			1,60,800

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Accounting for Non-for-Profit Organisation
Class 12 Accountancy