Problem $8$: From the following receipt and payment account of Edhi Centre, prepare an income and expenditure account for the year ended $31-12-2023$ and a Balance sheet as on that date.

Adjustments:

Locker rent AED $20$ referred to the previous year and AED $30$ is still owing.

Rates AED $20$ referred to the previous year and AED $500$ is still owing.

Subscription unpaid for the current year AED $200.$

Depreciate building by $5\%$ p$.$a$.$