capita an 1,00,000 34. 31 , 2021 1 , 2022 (From the following Receipts and Payments Account of a Club, prepare Income and Expenditure Account for the year ended 31st December, 2021 and calculate Capital Fund as on 1st Jan., 2021 ) : F 31 , Dr. ( for (Receipts) 2021 (Receipts and Payments Account) the year ending 31st December, 2021) (Payments) / ( To Balance b/d) ( To Subscription) : 2020 2021 2022 (To Sale of Old Books) (Cost) 3,200 (To Rent from Use of Hall) ( To Sale of Newspapers) (To Profit from Entertainment) 1,800 70,000 3,200 3,500 (By General Expenses) | ( By Salary) | (By Postage) | (By Electric Charges) 75,000 (By Furniture) | (By Books) 2,000