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How is the following case dealt with whi...

How is the following case dealt with while preparing final accounts of club for the year ended 31st March 2019 ?

Additional Information : Sports Materials in hand on 31st March 2019 Rs . 4,40,000.

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Following is the Receipts and Payments Account of You Bee Forty Club for the year ended 31st March 2019 : Additional Information : (i) Outstanding Subscriptions for the year ended 31st March 2019 -Rs 55,000. (ii) Outstanding Salaries and Wages -Rs 40,000. (iii) Depraciate Sports Equipments by 25% Prepare income and Expenditure account of the club from the above particulars.

TS GREWAL-FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ORGANISATIONS-Exercise
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