20. The following is the Receipts and Payments Account of the Social Club in respect of the year ended \( 31.3 .2016 \) :
The following additional information is provided to you:
(i) There are 450 members each paying an annual subscription of Rs. 50 ; Rs. 500 were in arrears for 2014 15 as on \( 1^{\text {st }} \) April, \( 2015 . \)
(ii) On \( 31^{\text {st }} \) March, 2016, the rates were prepaid to \( 30^{\text {th }} \) June, 2016; the charge paid every year being Rs. 6,000 .
(iii) There was an outstanding telephone bill for Rs. 350 on \( 31^{\text {st }} \) March, 2016
(iv) Outstanding sundry expenses as on \( 31^{\text {st }} \) March, 2015 totalled Rs. \( 700 . \)
(v) Stock of stationery on 315t March, 2015 was Rs. 500; on 31 \( 1^{\text {st }} \) March, 2016 it was Rs. \( 900 . \)
(vi) On 315t March, 2015, building stood in the books at Rs. 1,00,000 and it was subject to depreciation at \( 5 \% \) per annum.
(vii) Investments on \( 31^{\text {st }} \) March, 2015 stood at Rs. 2,00,000.
(viii) On 31 March, 2016 income accrued on investments purchased during the year isRs. \( 375 . \)
Required: Prepare an income and Expenditure Account for the year ended 31 st March, 2016 and the Balance Sheet
