From the following Receipts and Payments Account and additional information provided by Ramanath Club, Prepare Income and Expenditure Account for the year ending on 31st March 2021.
Additional Information: (i) Subscription received during the year includes ₹ 25,000 as donation for Building. (ii)Telephone bill unpaid as on March 31, 2020 was ₹ 4,000 and on March 31, 2021 ₹ 2,600. (iii) Value of 8% Government Securities on March 31, 2020 was ₹ 80,000. (iv)Additional Government Securities worth ₹ 30,000 were purchased on March 31, 2021.
Answer. Income & Expenditure A/c
