Following is the information provided by Khalid Sports Club:

Cash in hand Rs.5,000/-, Cash at bank Rs.50,000/-, Ground rent Rs.40,000/-, Entrance fees

Rs.10,000/-, Miscellaneous expenses Rs.3,000/-, General expenses Rs.21,000/-, portage and

printing Rs.7,000/-, Closing cash balance Rs.2,000/-, Subscription Rs.35,000/-, Donation

Rs.100,000/-, Taxes Rs.8,000/-, Secretary's salary Rs.65,000/-, Utility expense Rs.9,000/-, Sale

of tickets Rs.72,000/-

REQUIRED

Prepare Income and Expenditure Account.