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1.

Following is the Receipt and Payment Account of Women’s Welfare Club for the year ended December 31, 2017: Receipt and Payment Account for the year ending December 31, 2017 Additional Information: Prepare Income and Expenditure Account for the year ended December 31, 2017 and Balance Sheet as on date.

Answer» Correct Answer - Surplus Rs.34,100, Total of Closing Balance Sheet Rs.2,64,750