The balances on the books of the Delhi Club on 31st March, 2012 were as follows:

Illustration 10:
The balances on the books of the Delhi Club on 31st March, 2012 were as follows:
image
Payment for purchases includes Rs 3,000 for the year ended 31st March, 2011. Restaurant Stocks on March 31, 2012 were Rs 4,500. Included in the subscriptions received were Rs 4,800 for the previous year and Rs 1,200 for the year ended 31st March, 2013. Subscriptions outstanding on March 31, 2012 were Rs 5,000. Depreciation should be provided on balances as at 31st March, 2011 as China, etc., 20%; Furniture, 10% and Billiards Table and Accessories, 15%.
The cost of the board of the staff is estimated at Rs 27,500 of which Rs 20,000 is to be charged to restaurant. Prepare the Receipts and Payments Account, Income and Expenditure Account and the Balance Sheet showing the working of the Restaurant separately, Cash in hand on March 31, 2012 was Rs 2,600.
Receipt and Payment Account
Receipt and Payment Account
Balance Sheet

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