10. From the following Receipts and Payments Account of Kapil Dev Club and from the given additional information, prepare Income and Expenditure Account for the year ending 31st March, 2021 and the Balance Sheet as at that date :
\( \underline{\text { Dr. RECEIPTS AND PAYMENTS ACCOUNT for the year ending 31st March, } 2021 Cr \text {. } \)
Additional Informations :
(i) The club had received \( ₹ 20,000 \) for subscription in 2019-20 for 2020-21.
(ii) Salaries had been paid only for 11 months.
(iii) Stock of sports materials on 31st March, 2020 was \( ₹ 3,00,000 \) and on 31 st March, \( 2021 ₹ 6,50,000 \).
[Ans. Surplus (Excess of Income over Expenditure) ₹ 3,10,000, Capital Fund on 1st April,
