13Theopeningcashbalanceason1stJanuary,2017ofRanuclubwas₹8000.Preparereceiptand
paymentsaccountfortheyearendedon31stdecember,2017fromthefollowingtransactions-
(I)subscriptionreceivedforcurrentyear₹35000.
(Ii)subscriptionreceivedfornextyearinadvance₹1000.
(Iii)lifemembershipfees ₹6000
(Iv)Investmentmade ₹25000
(V)boughtfurniture ₹3000
(Vi)boughtsportsmaterialfor ₹3000.
(Vii)generalexpensespaid ₹5500.
(Viii)expensesoutstanding ₹300.
(Ix)Depreciationtobecharged@ 10%onfurniture.
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