Following is the Receipts and Payments Account of Rajdhani Charitable Trust : ,

Prepare Income and Expenditure Account for the year ended 31st March 2019 and Balance Sheet as on that date after the following adjustments :
Subscription for the year ended 31st march 2019 still due were Rs. 70,000 Interest due on Defence bonds was Rs. 70,000 Rent outstanding was Rs. 10,000 . Book value of investment sold was Rs. 8,00,000 Rs. 3,00,000 of the investments were still in had . Subscriptions received in the year ended 31st March , 2019 included Rs. 4,000 from a life member . Total furniture on 1st April 2018 was worth Rs. 1,20,000 Salary paid for the year ended 31st March 2020 is Rs. 20,000.