Details of Public Fitness club Opening Cash as on 1 April 2016 1 000 Subscription 52 000 Salary 2 000 Life membership fees 3 000 Entrance fees 5 500 1 400 4 800 8 000 100 2016/2017 2015/2016 2017/2018 Rent of hall (from Let out) Ground upkeep 1200 Purchase of furniture as on 1.7.2016 6.000 Donation Legacy Stationery Honorarium Sale of furniture book value $5 000 Sale of Table Tennis table NBV $600

Other details: 1. Stock of stationery of 2015/2016 $300, Outstanding Stationery bill of 2015/2016 $250, Stock of stationery $500 and creditors for stationery $150. 2.500 3.200 4700 2. Honorarium outstanding of 2015/2016 $300. Honorarium for 2016/2017 paid in 2015/2016 $450 3. Salary Outstanding $500, Outstanding salary of 2015/2016 $800 and Advance salary of 2015/2016 $700 4. Depreciation on Noncurrent Assets at 4%. 5. Ground upkeep paid in advance $200. Arrears of ground upkeep of 2015/ 2016 $900 and Outstanding Ground upkeep $100 6.Balance as on 31 March 2016: Furniture $14 000, Land $5 000, Table Tennis table $9 500. Required: N 1. Compile Receipts and payments account for the year ending 31 March 2017. 2. Income and Expenditure account for the year ending 31 March 2017.

Bank balance 56200 , Surplus 45754