Following is the Receipts and Payments Account of Bavdhan Pensioner's Association newly started on01-04-2010Receipts and Payments Account for the year ending on 31-03-2011ReceiptsAmount AmountPaymentsAmount AmountSubscriptions received:By Rent6.000Par 2010-201185.000By Traveling Expenses2.800For 2011-20126.9003.300By Expenses for get-together FunctionFor 2012-20132.000 93.900 By Charitytrance Fees11.000 By Salaries4.500Donations (General)25,000 By Fumiture30.500By Faxed Deposit50.000By Balance co31.8001.29.9001.29.900Adjustments :(0) Outstanding subscriptions for current year * 10,000.(2) Entrance Fees are to be capitalized.(3) Capital Fund should be created out of Entrance Fees and surplus of the current year.(4) Depreciate Furniture by 2,500.You are required to Prepare Income and Expenditure Account for the year ending on 31-03-2011 andBalance Sheet as at that date.Dalam Damainna.2हो​