Receipts and payments Account of Shakar Sports Club iis given below for the year ended 31st March 2019 :

parpare income and expenditure account and Balance Sheet with the help of following information
Subscription outstanding on 31st March 2018 is Rs 1,200 and Rs 2,300 on 31 st March 2019 , opening stock of postate stamps is Rs 300 and Closing stock is Rs 200 Rent Rs 1,500 related to the year ended 31st March 2018 and Rs 1,500 is still unpaid. on 1st April 2018 the club owned furniture Rs 15,000,Furniture valued at Rs 22,500 on 31st March 2019. The club has a loan of Rs 20,000 (@10%p.a) which was taken in year ended 31st March 2018.

Answer

Deficit -Rs 6,100; Opening Capital fund Deficit -Rs 2,400 ; Total of closing Balance Sheet -Rs 51,500.

Explanation

N/a