Name the financial statement prepared by a Not-For-Profit Organisation on accrual basis.

From the following information, calculate the amount of income from subscriptions to be shown in the Income and Expenditure Account for the year ended 31-3-2011:  

Subscriptions received during the year 2010-2011	Rs	3,40,000
Subscriptions outstanding as on 31-3-2011	Rs	47,000
Subscriptions received in advance as on 31-3-2011	Rs	35,000
Subscriptions outstanding as on 1-4-2010	Rs	28,000
Subscriptions received in advance as on 1-4-2010	Rs	25,000

From the following Receipt and Payments Account of “Green Delhi Club” for the year ended 31-3-2011, prepare ˜Income and Expenditure Account”. 

Receipts and Payments Account of 'Green Delhi Club' for the year ended 31-3-2011
Dr.						Cr.
Receipts			Amount Rs	Payments	Amount Rs
To Balance b/d			13,200	By Salary (paid for 11 months)	2,200
To Subscriptions			25,500	By Rent	800
To Entrance Fee			2,000	By Electricity	3,500
To Donations (includes Rs 1,000 for Buildings)			3,000	By Takes	2,600
To Hall Rent			2,500	By Printing and Stationery	800
To Sale of Investments (Book value Rs 4,000)			3,500	By Books	10,000
				By 9% Fixed Deposits (on 31-1-2011)	13,000
				By Balance c/d	16,800
			49,700		49,700

What is the basis for preparing an Income and Expenditure Account in the case of Not-for-Profit Organizations.