From the following Receipta and Payments Account and additional information relating to the Star Cricket club, preare income and Expenditure Account for the year ended 31st March 2019 and Balance Sheet as at that date,

`{:("Assets on 1st April 2018",,"Rs"),("Stock of Bats and Balls",,"15,000"),("Stationery",,"2,000"),("Subscription Due",,"5,000"):}`
Subscription due on 31st March 2019 amounted to Rs 7,500 Write off 50% Bats Balls (not considering sale) and 25% of Stationery.

Answer

Surplu-Rs 1,22,250 ; Capital Fund on 1st April 2018 -Rs 52,000 Balance Sheet Total -Rs 1,77,250.

Explanation

N/a