i will definitely give feedback to your response please provide correct Answers.

Q. 1. From the following information, prepare Income and Expenditure A/c for the year ending on 31st March, 2016 of an Entertainment Club : Receipts $ Payments $ Cash Balance 1-4-2015 7,200 Rent 48,000 Life Membership Fees 50,000 Furniture Purchased 50,000 Locker's Rent 22,000 Salary 2,40,000 Entrance Fees 5,700 Insurance Premium 12,600 Subscriptions Telephone Charges 18,200 2014-15 14,200 Printing 4,100 2015-16 3,46,000 Investments Purchased 3,00,000 2016-17 11,600 3,71,800 Cash Balance 31-3-2016 11,500 Donation for Swimming Pool 2,00,000 Interest 15,000 Miscellaneous Income 200 Income from Advertisement 12,000 6,84,400 6,84400