The following is the receipt and payment account for UPM Rugby Club for the year ended 31st. December 2016. Receipts Subscriptions Donations Sale of 'Rugby Tea' tickets Interest on bank account Rugby Caf Sales RM 18,550 8,000 13,800 2,100 200,500 Payments Insurance Repairs National Rugby Membership 15,000 Wages Comedian Fees Catering costs Admin costs Shirts of players Caf stocks RM. 3,800 1,500 6,000. 1,500. 3,000. 2,880 15,000. 48,500 Additional information: (i) Opening stocks is a quarter of its closing value