Prepare Receipts and Payments Account for the year ending Mar 31, 2009 and the Balance Sheet on that date from the following.

Income and Expenditure Account for the year ending Dec 31, 2008

Dr.

Cr.

Expenditure

Rs

Income

Rs

Salaries

14,750

Interest

5,000

Stationery

2,500

Donations

7,500

Taxes and Rent

1,250

Subscriptions

12,500

Insurance

600

Miscellaneous Receipts

150

Other Expenses

900

Depreciation

Rs

Properties

1,875

Furniture

60

Books

50

1,985

Surplus

3,115

25,150

25,150

Other Information

Mar 31, 2008 Rs

Mar 31, 2009 Rs

Cash in Hand and at Bank

11,850

Shares and Debentures

1,40,000

1,40,000

(Face Value of Rs 1,50,000)

Subscription Outstanding

3,500

5,000

Subscription received in advance

600

800

Salaries Outstanding

250

500

Properties

1,50,000

1,48,125

Furniture

1,000

990

Investments

500

500

Books

1,750

1,950

Stationery Expenses Due

100

150

Stock of Stationery

500

400