Com A capital expenditure, Accounts of Non-Profit Organisations Note: Purchase of furniture and purchase of investments are excluded since they are IV. Preparation of Income and Expenditure Account and Balance sheet The following is the Receipts and Payments account of Kandan Recreation club for the year ended 31st March 2002. 27:26 Illustration 13 Receipts To Balance B/d To Subscriptions: 2000-2001 2001-2002 2002-2003 To Rent for use of Conference room To Receipts from entertainment facilities To Sale of old magazines 5,000 20,000 4,000 Rs. 7,000 29,000 14,000 28,000 2,000 80,000 Payments By Salaries By General Expenses By Electricity By Books purchased By Periodicals purchased By Loan Repaid By Balance c/d Ra 4000 10,000 8,000 20,000 4,000 80,000 Additional Data: The club has 50 members, each paying Rs. 500 PA as subscription. (i) Subscriptions outstanding on 31-3-2002 Rs. 6,000 (i) Salaries outstanding Rs. 2,000. Salaries paid include Rs. 6,000 for 2000-01. On 1-4-2001, the clubs pr