How are the following items dealt with while preparing Income and Expenditure Account of a club for the year ended 31st March- 2018-0 Outstanding Locker - 1st April- 2017 31st March- 2018- icker Rent - 4-600 - 6-300- er Rent - 3-000 - 4-000 - Advance LockerLocker Rent received during the year ended 31st March- 2018- - 52-000 -

Income and Expenditure Account nbsp; Dr. nbsp; Cr. Expenditure nbsp; Amou ...

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How are the following items dealt with while preparing Income and Expenditure Account of a club for the year ended 31st March, 2018?

1st April, 2017 31st March, 2018

Outstanding Locker Rent ₹ 4,600 ₹ 6,300

Advance Locker Rent ₹ 3,000 ₹ 4,000

Locker Rent received during the year ended 31st March, 2018 $—$ ₹ 52,000.

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	₹
Subscriptions received during the year ended 31st March, 2019	3,58,500
Subscriptions outstanding on 31st March, 2018	30,000
Subscriptions received in Advance on 31st March,2018	22,500
Subscriptions received in Advance on 31st March, 2019	13,500
Subscriptions outstanding on 31st March, 2019	37,500

RECEIPTS AND PAYMENTS ACCOUNT for the year ended 31st March, 2018
Dr.				Cr.
Receipts	₹	Payments	₹
To Balance b/d (cash) To Subscriptions 2016-2017 2017-2018 To Donations To Entrance Fees	1,50,000 60,000 3,50,000 50,000 80,000	By Salaries and Wages By Office Expenses By Sports Equipments By Telephone Charges By Electricity Charges By Travelling Expenses By Balance c/d (Cash)	1,60,000 35,000 3,40,000 24,000 32,000 65,000 34,000


	6,90,000		6,90,000

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Income and Expenditure Account
Dr.					Cr.
Expenditure	Amount (Rs)	Income		Amount (Rs)
		Locker Rent Received	52,000
		Add: Outstanding at the end	6,300
		Add: Advance in the beginning	3,000
		Less: Outstanding in the beginning	4,600
		Less: Advance at the end	4,000	52,700