Following is the Receipts and Payments Account of You Bee Forty Club for the year ended 31st March, 2018:
Additional information:
(a) Outstanding Subscriptions for the year ended 31st March, 2018 – Rs. 55,000.
(b) Outstanding Salaries and Wages – Rs.40,000.
(c) Depreciate Sports Equipments by 25%. Prepare Income and Expenditure Account of the club from the above particulars
