The following is the Receipts and Payment Account for Victory Sport Club for the year ended 31st December, 2025 : Receipts and Payments Account: Receipts ₹ Payments ₹ To Cash in hand 11,000 By Bank Overdraft (1.1.2025) 1

The following is the Receipts and Payment Account for Victory Sport Club for the year ended 31st December, 2025 : Receipts and Payments Account: Receipts ₹ Payments ₹ To Cash in hand 11,000 By Bank Overdraft (1.1.2025) 15,000 To Subscriptions: By Investments 13,600 2024 1,200 By Furniture 10,000 2025 64,800 By Salaries 20,400 2026 6,000 By Printing and Stationery 3,560 To Interest from Securities 2,600 By Postage and Telegrams 5,000 To Entrance Fees 2,000 By Cost of Drama 7,000 To Proceeds from Drama 8,160 By Sundry Expenses 6,000 To Sale Proceeds from old furniture (cost ₹ 400) 800 By Balance: Cash in Hand 4,000 Cash in Bank 12,000 Total 96,560 96,560 You are required to prepare the Income and Expenditure Account for the year ended 31st December, 2025 and the Balance Sheet as on that date after taking into account the following information: On 1st January 2025, the club premises value stood at ₹ 1,00,000; investments at ₹ 24,000; and furniture at ₹ 15,000. The club had 720 members each paying an annual subscription of ₹ 100. Salaries for December, 2025 amounting to ₹ 2,500 are outstanding. Half of the entrance fees are to be capitalised. Stock of stationery on 31st December, 2024 was ₹ 2,000 and on 31st December 2025 was ₹ 3,000. Depreciation of club premises to be 10%.