Illustration 42: The following summary of the Cash Book has been prepared by the treasurer of a club: Receipts Amount () Payments Amount() To Balance b/d 4,740 By Wages - outdoor staff 13,380 Subscriptions 29,720" Restaurant Purchase 50,400 Entrance Fees 3,200 Rent-18 months' to July 30, 2013 7.500 Restaurant Receipts 56,800" Rates 2.700 Games & Competition Receipts 13,640" Secretary's Salary 3,120 Due to Secretary for Petty 80" Lighting 7.200 Expenses Competition Prizes 4.000 Printing & Postage etc. 6,000 " Placed in Fixed Deposit 8.000 Balance c/d 5,880 1,08 180 1,08,180 +1 026 On April 1, 2012 the club's assets were:- Furniture ? 48,000, Restaurant stock3 2,600; Stock of prizes # 800 25 5.200 was owing for supplies to the restaurant. On March 31, 2013, the Restaurant stocks were 3.000 and prizes in hand were 500, while the club owed 5,600 for restaurant supplies. It was also found that subscriptions unpaid at March 31, 2013, amounted to ? 1,000 and that the figure of 29.720 shown in the Cash Book included ? 700 in respect of previous year and ? 400 paid in advance for the following year. Prepare an account showing the Profit or Loss made on the Restaurant and a General Income and Expenditure Account for the year ended 31.3.2013, together with a Balance Sheet as at that date, after writing 10% off the Furniture