From the following Receipts and Payments Account of Delhi Club, prepare Income & Expenditure Account for the year ended 31.12.2023 and Its Balance Sheet as on that date. Receipts Amount Payments Amount Cash in hand (Opening) Cash at Bank (Opening) Donations Subscriptions Entrance Fees Interest on Investments Interest received from Bank Sale of old newspaper Sale of Drama Tickets 8,100 15,000 7,000 10,000 1,500 100 400 250 1,250 Salary Repair expenses Purchase of furniture Miscellaneous expenses Purchase of investments Insurance premium Billiards Table Paper, Ink etc. Drama expenses Cash in hand (Closing) Cash at Bank (Closing) 3,000 500 7,000 500 6,000 300 10,000 250 500 4,500 11,050 43,600 43,600 Information: (1) Subscriptions in Arrear for 2023 1,200, subscription in advance for 2024550. (2) Insurance Premium outstanding ₹ 80, Miscellaneous Expenses prepaid 90. (3) 50% of Donation is to be Capitalized. (4) Entrance fee are to be treated as Revenue Income. (5) 8% Interest has accrued on Investments for 5 months. (6) Billiards Table costing ₹ 30,000 were purchased during the last year and 20,000 were paid for it. [Sept. 2024, 10 Marks]

The following Trial Balance is the Trial Balance of a Proprietor as on March 31st 2024. Prepare Trading and Profit & Loss Account for the year ending March 31st 2024 and a Balance Sheet as at that date. Particulars Amount Particulars Amount Plant and Machinery 5,00,000 Capital 4,00,000 Office Furniture 26,000 Sundry Creditors 5,20,000 Opening stock 4,80,000 Sales 48,00,000 Motor van 1,20,000 Bills payables 56,000 Sundry debtors 4,57,000 Provision for doubtful doubts 25,000 Cash in hand 4,000 Return outwards 55,000 Cash at Bank 65,000 Discount received 37,000 Wages 15,00,000 Salaries 1,40,000 Purchases 21,35,000 Bills Receivable 72,000 Return inwards 93,000 Drawings 70,000 Advertisements 60,000 Factory Rent 8,000 Insurance 63,000 General Expenses 10,000 Bad debts 25,000 Discount allowed 65,000 58,93,000 58,93,000 Additional Information to be considered: (i) Closing Stock on March 31st 2024 is 5,20,000. (ii) During the year, Plant and Machinery was purchased for ₹ 3,00,000 but it was debited to Purchase Account. (iii) 3 months factory rent is due but not paid ₹ 3,000. (iv) Provide depreciation at 5% per annum on furniture and 10% on plant and machinery and motor van. (v) Further bad debts 7,000. (vi) Provision for doubtful debts to be increased to ₹ 30,000 at year end. (vii) Provision for discount on Debtors to be made at 2%. [Sept. 2024, 10 Marks]

Income and Expenditure A/c

Receipt and Payment A/c

Entrance Fees

Membership fees

Donation