Following is the Receipts and Payments A...

Following is the Receipts and Payments Account of Mumbai Club for the year ended 31st March 2019 :

Additional Information
(i) Stationery Expenses Rs 31,200 related to the year ended 31st March 2018 and outstanding for the year ended 31st March 2019 was Rs. 36,400.
(ii) Subscriptions unpaid for the year ended 31st March 2019 Rs. 86,800, Subscriptions for Governor's Party outstanding for the year ended 31st March 2019 Rs. 55,000. Governor's party is to be held in April 2019.
(iii) The club owned sports materials of the value Rs. 16,00,000 on 1st April 2018, This was valued at Rs. 13,50,000 on 31st March 2019 . Stock includes Sports Materials of Rs. 50.000, Which is to be written off being not useable. The club took a loan of Rs. 20,00,000 in the year ended 31st March 2018.
Prepare Income and Expenditure Account for the year ended on 31st March 2019 and Balance Sheet as at that date.

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