12. (a) From the following prepare a Receipts and payments account. Rs. Cash balance as on 1.1.2002 1,750 Bank balance as on 1.1.2002 16,800 Subscriptions received 28,000 Entrance Fees collected 10,500 Donations 3,500 Salary 10,500 Rent paid 4,200 1,750 4,200 Furniture purchased 10,500 Expenses on tournament 3,500 Printing and Stationery Books Miscellaneous expenses 1,050 Cash balance as on 31.12.2002 2,800 Or (b) Subscription received during the year Rs. 12,000 31.03.09 Subscription received for 31.03.2008 Rs.400 Subscription received in advance during the year 31.3.08 Rs.600 Subscription received in advance during Rs.800 the year 31.3.09 Subscription receivable for 31.3.09 Rs.750 How much is credited to income and Expenditure ale for the year ending 31.03.09