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From the following receipts & Payment …

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From the following receipts & Payment Account of Baba Deep Singh Society. Prepare income and Expenditure Account for the year ended 31st March 2007 and the Balance Sheet at 31.03.07 RECEIPT AND PAYMENTS ACCOUT for the year ended 31st March, 2007 Dr. Cr. Receipts Rs. Payment Rs. To Balance b/d Cash in hand Rs.30, 000 Cash at Bank Rs.15, 000 To Subscriptions 2005-2006 Rs.700 2006-2007 Rs.1, 000 2007-2008 Rs.500 To Realisation from Entertainment show 45, 00 2, 200 3, 000 By Expenses on Entertainment show By Investments By Insurance By Sundry Expenses By Office Expenses By Fax Machine (Purchased on 1.10.2006) By Salaries 1000 12, 000 2, 500 500 900 3, 000 11, 100
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