Final answer:
The given numbers do not correspond with sufficient information to generate an Income and Expenditure A/C or Balance Sheet. Specific data on revenue, expenses, assets, and liabilities is necessary to complete this task.
Step-by-step explanation:
I apologize, but based on the information provided, it is not possible to accurately prepare the Income and Expenditure A/c for the year ending 31-03-2016 or the Balance sheet for the Entertainment Club. The sequences of numbers provided (a) ₹60,300; ₹51,800 (b) ₹51,800; ₹60,300 (c) ₹58,300; ₹54,800 (d) ₹54,800; ₹58,300 do not give clear information regarding what each number represents. Generally, for creating an Income and Expenditure Account, details regarding the revenue and expenses of the club would be necessary, and for the Balance Sheet, information about the assets, liabilities, and equity is required. To correctly prepare these financial statements, values should be attributed to specific elements such as subscription revenue, rent expenses, equipment assets, and bank loans among others. Without this, and without understanding if the numbers provided are related to income, expenditure, assets, or liabilities, it is not possible to draft these statements.