Dr 護 19. Following is the Receipts and Payments Account of Super Club for the year ended 31 March 2017 Receipts and Payments Account for the year ended 31 March 2017 Cr Receipts Amt. () Payments Amt. To balance b/d (cash) 18.160 By Bank Overdraft 14.000 To Subscriptions By 10% Investments 2016 1.200 (30-09-2016) 2.00.000 2017 64.8.00 2018 600 66.600 To sale of old Furniture By Furniture 5.960 (Cost ? 320) 400 To Entrance Fees 50.000 By Salary 20.400 To Proceeds from Drama 3.20,000 By Postage 4.400 To interest on 2,000 By Printing and 24.160 Investments Stationery By Cost of Drama 120.000 By Sundry Expense 5 600 By Balance bidicash) 524 457160 457160 美 You are requested to prepare Income-Expenditure Account of the Club for the year ending 31-03-2017 after taking into account the following information: (a) On 1 April 2016 the Club Premises stood at 1,00,000 10% Investments at 24.000, Furniture at 12.000 and stock of Stationery at 360. (b) The Club had 720 members each paying an annual subscription of ? 100 Subscription amounting to 2,000 are still in arrears for the year 2016 (c) Salaries paid are for 10 months. (d) Entrance Fees and Surplus of Drama are to be kept in reserve for Swimming Pool (e) Write off 50% printing and Stationery