Bengal Cricket Club was inaugurated on 1st April, 2018. It had the following Receipts and Payments during the year ended 31st March, 2019:
Receipts: Entrance Fees ₹ 10,000; Subscriptions ₹ 60,000; Donations ₹ 10,000.Payments: Rent ₹ 15,000; Postages ₹ 1,000; Newspapers and Magazines ₹ 8,000; Investments ₹ 30,000; Stationery ₹ 4,000; Entertainment Expenses ₹ 3,000; Miscellaneous Expenses ₹ 2,000.Show the Receipts and Payments Account for the year ended 31st March, 2019.
In the books of Bengal Cricket Club
Receipts and Payments A/c for the year ended 31st March, 2019
| Receipts | Amount (₹) | Payments | Amount (₹) |
| To balance b/d | 4,390 | By Electricity Charges | 3,440 |
| To Subscriptions | 37,600 | By Taxes Paid | 490 |
| To Donations | 8,000 | By Salaries | 21,500 |
| To Entrance Fees | 4,300 | By Honorarium to Secretary | 2,500 |
| To Rent Received for Club Halls | 5,250 | By Printing and Stationery | 350 |
| To Interest Received on Investments | 2,950 | By Petty Cash Expenses | 900 |
| By Insurance Premium Paid | 310 | ||
| By balance c/d | 33,000 | ||
| 62,490 | 62,490 |