The following details are available of a college for the year 2015 -16 cash in hand as on April 1,2015$15,300. Fees collected from students during 2015-16 $5,25,000. Received government grant $ 1,00,0000. Staff and faculty salary paid$ 3,32,750. Office expenses $58,200. Repairs and maintenance$29,350. Land purchased cout of government grant$50,000. Fixed deposit purchased$ 1,50,000. The college has 400 enrolled students, monthly tuition fees is $125. Prepare receipts and payments account for 2015-16 of the college?
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