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From the following Receipt and Payment Account of Jan Kalyan Club, prepare Income and Expenditure Account and Balance Sheet for the year ending March 31, 2017.
Receipt and Payment Account
for the year ending March 31, 2017
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Additional Information:
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Correct Answer - Surplus Rs.11,100 ,Opening Capital fund Rs.1,37,500, Total of Closing Balance Sheet Rs.1,60,800

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