Q. Following is the Receipts & Payments A/c of E.B. Club for the year ended 31.03.2015
 

Receipts	Rs.	Payment	Rs.
To balance b/f		By balance b/f
Cash         11000		Bank	9000
15% FD   20000	31000	By Staff salary	31000
To books	3000	(of these 4000 for 13-14
( at a loss of 25% )		and 1000 for 15-16)
To legacy	13000	By furniture	14000
To Donation	30000	By Telephone Bill	3000
(80% to new pavilion)		(30 trs)
To Interest	4000	By match exp	11000
To Subscription	77000	By canteen stuff	4000
(including 5500 for 15-16		By interest	1000
and 3000 for 13-14)		By Medicine	17000
To life membership fees	5000	By Books	12000
To grant for match	26000	By balance c/d
To sale of snacks	8000	Cash -24000
To Motor Car	9000	Bank- 60000
(W.D.V. 8000)		15% FD 20000	104000
	206000		206000

Information :

(i) On 1.4.14 the club also has the following balances : Land and Building  43,000, Books - 11,000 , Stock of medicine - 12,000 , Bank  Loan - 18,000, Accrued Subscription - 45,000 Match Fund - 15000.
(ii) Depreciation to be charged on the Furniture and Books (on closing balance) @ 5%.
(iii) Int. on Bank Loan is due for last 2 months.
(iv) Stock of medicine on 31.03.2015 was 7000.
(v) Electric bill of 14-15 was paid in 13-14 Rs. 2900 and insurance premium of club building of club building Rs. 1500 for 14-15 to be paid in the next year.
Prepare Income & Expenditure A/c for the year ended 31.03.2015.