The United Club closes its accounts on calendar year basis. It runs a pantry and general services. On 1st January, 2014 on the persuasion of some members, it laid a tennis court on the understanding that half of the cost of laying the court would be met by the said members individually and that the maintenance of the court would be subsidised fully by them.
The following figures are furnished to you by the accountant of the Club for the year ended 31st December, 2014: