Prepare income and Expenditure from the following particulars of Youth club for the year ended on 31st March 2018

Additional Information :
(i) Subscription outstanding as at 31st March 2018 Rs 16,200
(ii) Rs 1,200 is still in arrears for the year 2016-17 for subscription.
(iii) Value of sports material at the beginning and at the end of the year was Rs 3,000 and Rs 4,500 respectively
(iv) Depreciation to be provied `"@"10%` p.a. on furniture.

Answer

Surplu i.e., Excess of income over Expenditure -Rs 10,200.

Explanation

N/a