From the following Receipts and Payments Account and additional information provided by Ramanath Club, Prepare Income and Expenditure Account for the year ending on 31st March 2021.
Receipts and Payments Account
for the year ending 31st March, 202
Additional Information:
(i) Subscription received during the year includes ₹ 25,000 as donation for Building.
(ii) Telephone bill unpaid as on March 31, 2020 was ₹ 4,000 and on March 31, 2021 ₹ 2,600.
(iii) Value of 8% Government Securities on March 31, 2020 was ₹ 80,000.
(iv) Additional Government Securities worth ₹ 30,000 were purchased on March 31, 2021.