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The following is the receipts and payments account of RF Ltd , a tennis club for kids, for the year ended 3 1 December 2

The following is the receipts and payments account of RF Ltd, a tennis club for kids, for the year
ended 31 December 2023:
Additional information:
(1)
(2) Furniture was valued at Rs 3,000 on 31 December 2022. On 30 June 2023, the swimming club
purchased additional furniture at a cost of Rs5,200. Depreciation is to be provided on all furniture at
the rate of 10% per annum irrespective of the date of purchase.
(3) On 31 December 2022, the swimming club held investments which cost Rs5,000. During the year
ended 31 December 2023, these investments were sold for Rs7,500.
REQUIRED:
An income and expenditure account for the year ended 31 December 2023
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