balance sheet as a liability 7. To the capital fund disclosed by the previous balance sheet, add the surplus (or deduct the defict), membership fees and entrance fees, if not already entered in the income and expenditure account. (If, in examinations, capital fund is not given, it can be ascertained by deducting liabilities from assets, on the relevant date). Illustration 4. The following was Receips and Payments account prepared by the Treasurer Delhi Cricket Club for the year ended December 31, 2000, Receipts Rs. Payments Rs. 2000 Rs. 2000 RS Jan. 1 Cash in hand 100 Dec Groundsman's fee 750 Balance at Bank as per Mowing Machine 1.500 Pass Book: Rent of Ground 250 Deposit Account 2.230 Cost of teas 250 Current Account 600 Fares 400 Bank Interest 30 Printing & Office Expenses 280 Dec. 31 Donations & Subscriptions 2.600 Repairs to equipment 500 Receipts from teas 300 Honorariun to Secretary & Contributions to fares 100 Treasurer for 1999 400 Sale of Equipment 80 Balance at Bank as per Net Proceeds of Variety Pass Book: Entertainments 780 Deposit Ale Current Ale 150 Cash in hand 250 6,820 6,820 You are given the following additional information On Jan 1.2000 On Dec 31,2000 (1) Subscriptions due Rs. 150 Rs. 100 (2) Sums due for printing etc. 100 80 (3) Liabiltiy for repairs 300 360 (4) Interest on Deposit A/c not Entered in Pass Book 20 (5) Estimated value of Machinery and equipment 800 1750 (6) For the year ended Dec. 31.2000 the honorariun to the Secretary and 2,090 x36 Treasurer are to be increased by- a total of Rs. 200 and the groundsman is to receive a bonus of Rs. 200 You are required to prepare the Income and expenditure account of the year ended December 31, 2000 and Balance Sheet on that date