Following is the Receipts & Payments Account of Young India Sports Club for the year ended 31st March 2023:
Following is the Receipts & Payments Account of Young India Sports Club for the year ended 31st March 2023:
| Receipts | ₹ | Payments |  | ₹ |
|
To Balance b/d To Donation for Building To Life Membership Fees To Receipts from Matches To Subscriptions To Lockers Rent To Interest on Investments To Sale of Furniture (Book Value ₹ 800) To Entrance Fees |
10,000 50,000 4,000 8,000 5,200 400 240 1,000 3,000 |
By Building By Match Expenses By Furniture By 20% Investments (Purchased on 1st July, 2022) By Salaries 2021-22 2022-23 By Insurance By Sundry Expenses By Balance c/d (Bank) |
2,000 5,000 |
54,000 450 2,550 16,000
7,000 350 970 520 |
| Â | 81,840 | Â | Â | 81,840 |
(i) Subscriptions outstanding on 31st March, 2022 were ₹ 200 and on 31st March, 2023 were ₹ 300.
(ii) Outstanding Salaries for the year ended 31st March 2023 were ₹ 800 and outstanding bills for sundry expenses were ₹ 600.
(iii) Donations for Building includes ₹ 10,000 for general donations.
Prepare Income & Expenditure Account of the Club for the year ended 31st March, 2023. 
Anurag Pathak Changed status to publish February 7, 2024
