RS Rs 250 80 Liabilities Expenses Unpaid Printing etc. Repairs Bonus to Groundsman Honorariun to Secretary Capital Fund Balance on 1st Jan Add Surplus 360 200 600 Assets Cash in hand Bank Balances Deposit Alc Current Alc Interest due Subscriptions Outstanding Equipment 2,090 150 1,240 2.240 20 100 1,750 3,080 40 3,120 4.360 4360 Illustration 5. Prepare Income & Expenditure Account for the year ending 31-12-2000 and Balance -Sheet as on that date from the following: Receipts and Payments Account for the year ended 31-12-2000 Rs. 2,100 Receipts To Balance b/d To Subscription 1999 (estimated at Rs. 460) 2000 2001 To Donation for Building To Sports Material To Rent To Entrance Fees To Match Fund To Locker Rent To Lecture Hall 5,000 200 5,500 2,500 Payments Rs By Printing and Stationary 1,300 By Advertisements 800 500 By Investment in Govt. Securities at 5% On 1 st Nov. 2000 (Interest, payable on 1st) May and 1st Nov, 8.000 By Building Construction 200 By Match Expenses 900 By Creditors for 1999 estimated at Rs. 750, in full settlement 650 By Salaries 1.750 By Sports Materials 3,000 By Honorarium 430 By Electricity 275 By Balance c/a 6,045 25,650 1,300 300 10,000 350 200 25.650 x37 Additional Information: 31-12-199 Rs. Sports Material 430 Printing Materials (Dr.) 50 Creditors for Printing 80 Rent received in advance for 2001 Salary of treasurer outstanding Surplus from House Account including Refreshment outstanding ***** 31-12-2000 Rs 750 80 100 250 150