Given below is the Receipts and Payments Account of the Indian Gymkhana for the year ended Dec 31, 2008.
|
Receipts |
As |
Payments |
As |
|
|
To Donations |
501000 |
By Buildings |
44,000 |
|
|
To Reserve Fund |
4.000 |
By Ot adran ular Match Fxpenses |
900 |
|
|
To Quadrangular Match Fund |
10,000 |
By Furniture |
2,100 |
|
|
To Subscriptions |
3,200 |
By Salaries |
1,800 |
|
|
(including Rs 100 for 2009) |
By Cricket |
600 |
||
|
To Lockers Rent |
100 |
ByTennis |
540 |
|
|
To Interest on Investment |
100 |
By Insurance |
360 |
|
|
To Cricket |
400 |
(paid for period ending Seo 30, 2009) |
||
|
To Sundries |
co |
Ry Gardening |
170 |
|
|
350 |
By Printing |
180 |
||
|
To Tennis |
||||
|
To Billiards |
200 |
By Telephone |
250 |
|
|
By Investments |
14,000 |
|||
|
by tsaiance |
3,suu |
|||
|
68,400 |
68,400 |
Subscriptions outstanding for 2008: Rs 300; salaries outstanding for Dec 2008: Rs 200.
Prepare an Income and Expenditure for the period and the Balance Sheet as on Dec 31, 2008.