from the following information,prepare income and expenditure a/c for the year ended 31-3-2015 of kamareddy cricket club. RECEIPTS AMT. PAYMENTS AMT. To balance 10,000 by salaries 8,000 To subscription 27,000 by ground moving machine 4,000 To tournment fund 10,000 by rent 1,800 To legacies 6,000 by general expenses 14,000 To enterance fee 1,000 by tournament expenses 4,000 To donation for ground 16,000 by office expenses 9,000 To sale of grass 800 by purchases of sports materials 6,000 by balance c/d 24,000 ADDITIONAL INFORMATION I) Subscription received including rupees 4,200 related to the previous year ii)outstanding subscription rupees 1,000 iii)provide rupees 400 depreciation on ground moving machine iv)sports material opening balance rupees 4000 and closing balance rupees 5000
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