The accountant of City Club gave the following information about the receipt and payment of the club for the year ended 31st March ,2025 Receipts ₹…

Receipts and Payments Account for the year ended 31st March, 2025 Receipts (Dr.) ₹ Payments (Cr.) ₹ To Opening Balances: By Premises 30,000 Cash in Hand 450 By Rent 2,400 Bank Balance 24,420 By Rates and Taxes 3,780 To Subscriptions 62,130 By Printing and Stationery 1,410 To Fair Receipts 7,200 By Sundry Expenses 5,350 To Variety Show Receipts (Net) 12,810 By Wages 2,520 To Interest 690 By Fair Expenses 7,170 To Restaurant Collections 22,350 By Honorarium to Secretary 11,000 To Sale Proceeds of Old Car 9,000 By Restaurant Purchases (Payments) 17,310 By Repairs 960 By purchase of new Car 46,800 By Closing Balances: Cash in Hand Nil Bank Balance 10,350 1,39,050 1,39,050 Income and Expenditure Account for the year ended 31st March, 2025 Expenditure ₹ (Dr.) Income ₹ (Cr.) To Rent 2,400 By Subscriptions 62,130 To Rates and Taxes 3,780 Add: Due as on 31-3-25 2,940 65,070 To Printing and Stationery 1,410 Less: Due as on 31-3-24 3,600 61,470 To Wages 2,520 By Surplus from Fair To Honorarium to Secretary 12,000 Fair Receipts 7,200 Less: Fair Expenses 7,170 30 To Sundry Expenses (₹ 5,350-270+90) 5,170 By Surplus from Variety Show 12,810 To Repairs 960 By Interest 690 To Depreciation on Premises (5%) (W.N.4) 3,030 By Profit from Restaurant (W.N.2) 6,000 To Depreciation on Car (20%) 9,360 By Profit on Sale of Car (W.N.3) 3,300 To Excess of Income over Expenditure transferred to Capital Fund 43,670 84,300 84,300 Working Notes (1) Calculation of Restaurant Purchases Restaurant Creditors Account Dr. ₹ Cr. ₹ To Bank A/c 17,310 By Balance b/d 1,770 To Balance c/d 1,290 By Restaurant Purchases (Balancing Figure) 16,830 18,600 18,600 (2) Calculation of Profit from Restaurant Trading Account Dr. ₹ Cr. ₹ To Opening Stock 2,130 By Restaurant Collections 22,350 To Purchases 16,830 By Closing Stock 2,610 To Profit from Restaurant 6,000 24,960 24,960 (3) Calculation of Profit on Sale of old Car Sale proceeds of old car:9,000 Less: Written down value of old car (₹ 36,570 - 30,870):5,700 Profit on sale of old car:3,300 (4) Depreciation on Premises Premises purchased during the year (₹ 1,17,000-87,000)₹ 30,000 Old premises - acc depreciation (₹ 87,000-56,400)₹ 30,600 Total - 60,600 Depreciation @5 %₹ 3,030