With the help of the Balance Sheet and Receipts and Payments Account of Adarsh Cultural Club, Mumbai.

6. In the books of Adarsh Cultural Club, Mumbai

Income and Expenditure Account for the year ended 31st March, 2013

Particulars	Amount	Amount	Particulars	Amount	Amount
To Salaries	35300		By Subscriptions	48000
Less: Previous year’s Outstanding Salaries paid	1300		Add: Outstanding for current year	2000	50000
Add: Outstanding for the current year.	700	34700	By Drama Receipts	28000
To General Expenses		8400	Less: Drama Expenses	16000	12000
To Printing & Stationery		4200
To Depreciation on Furniture		5000
To Excess of Income Over Expenditure (Surplus)		9700
		62000			62000

Balance Sheet as on 31st March, 213

Liabilities	Amount	Amount	Assets	Amount	Amount
Capital Fund	257000		Buildings		250000
Add: Surplus	9700	266700	Furniture	20000
Building Fund	50000		Add: New Furniture Purchased	10000
Add: Donation for Building Fund	20000	70000	Less: Depreciation	5000	25000
Subscriptions received in advance		2000	Outstanding Subscription for 2012 - 13		2000
Outstanding salaries for 2012 - 13		700	Cash at Bank		57800
			Cash in Hand		4600
		339400			339400