From the following information from the Receipt and Payment Account for the year ending March 31, 2017, find out the surplus or deficit.

Balance b/d 3,200
Salary 1,500
Rent 800
Subscriptions 22,500
Electricity 3,500
Entrance Fees 1,250
Taxes 1,700
Donations 2,500
Printing and Stationery 380
Rent of hall 750
Sundry expenses 920
Sale of investments 3,000
Books purchased 7,500
Govt. bonds purchased 10,000
Fixed deposit with bank 5,000 (on 31.03.2017)
Balance c/d 1,900
Cash in hand 400
Cash at bank 1,500

Surplus ₹16,700

The correct answer is option 3- Surplus ₹16,700.

Income and Expenditure Account for the year ending March 31, 2017

Thus, there is surplus of 16,700. Any item which is not shown in the income & expenditure account is not of revenue nature or shown in balance sheet.