From the following information and the Receipts and Payments Account of Delhi Medical Society, prepare income and Expenditure account for the year ended 31st March 2019 and Balance Sheet as at that date:

Other Information :
On 31st March 2018 the club possessed of Rs 2,00,000 and Furniture of Rs 85,000.provide depreciation on these assets `"@"10%` including the purchases during the year . ,
Subscription in arrears in the beginning of the year amounted to Rs 3,500 and at the end of the year Rs 5,500 were outstanding
The club paid three months rent in advance both in the beginning and at the end of the year.

Answer

Surplu-Rs 87,320 ; Capital Fund (1st April 208) -Rs 3,24,600; Balance Sheet Total -Rs 4,56,920.

Explanation

N/a