Given below is the Receipts & payments Account of Confident Sports Club for the year ending 31st March, 2023 and additional information
Given below is the Receipts & payments Account of Confident Sports Club for the year ending 31st March, 2023 and additional information. Prepare Inocme & Expenditure Account for the year ending 31st March, 2023 and the Balance Sheet on the same date:
Receipts & Payments Account for the year ended 31st March, 2023
| Receipts |  | ₹ | Payments | ₹ |
|
To Balance b/d To Subscriptions: 2021-22 2022-23 2023-24 To Interest To Sale of Furniture To Donations for Club Building |
1,200 27,360 960 |
5,760 29,520 240 1,200 7,200 |
By Purchase of Balls By Tournament Fee By Affiliation Fee By Rent for Playground By Refreshment By Travelling Expenses By Investments By Salaries By Miscellaneous Expenses By Balance c/d |
9,600 1,200 240 600 480 3,600 12,000 1,440 960 13,800 |
| Â | Â | 43,920 | Â | 43,920 |
Additional Information:
(i) Current Year’s subscription of ₹ 1,920 was still outstanding.
(ii) Interest accrued for the year but not received amounted to ₹ 60.
(iii) Book value of the furniture sold was ₹ 1,680.
(iv) Rent of the playground ₹ 720 and salaries ₹ 600 for the current year was outstanding and the rent of the playground for the year 2021-22 has been paid during the year.
(v) There was a stock of balls with the club at ₹ 480 as on 31st March, 2023. 
Anurag Pathak Changed status to publish February 7, 2024
