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Example 3. Following is the receipts and payments account of Good Health Sports Club for the year ended, 3lst December, 2021, , Receipts and Payments Account, , , , , , Dr for the year ended 31st December, 2021, Receipts Payments, , To Balance b/d By Building, , To Donations for Building By Match Expenses, , By Furniture, , By Investments (Purchased on Ist April,, 2021 @ 20% per annum), , By Salaries 2020, , To Life Membership Fee, , To Receipts from Matches, To Subscriptions (including = 100 for 2015), To Lockers Rent, , , , , , To Interest on Investments 2021, , To Sale of Furniture (Book value % 800) By Insurance, , To Entrance Fees By Sundry Expenses, By Balance e/d, , , , Additional Information, (i) Subscriptions outstanding on 31st December, 2020 were Z 200 and on 31st December, 2021, (ii) Outstanding salaries for the year ended 31st December, 2021 were % 800 and outstanding bi, were % 600., (iii) Donations for building includes % 10,000 for general donations., Prepare income and expenditure account of the club for the year ending 31st December, , Ans. TBesersuenent on lle 2 | on |