Read the following hypothetical text and answer the given questions:
Dr. Rajani Mehta, a qualified M.B.B.S. doctor, got voluntary retirement at the age of 50 years from a renowned hospital.
She was residing in a flat of a wide apartment which is surrounded by a slum inhabited by the economically weaker strata of society.
As the people in that area were not aware of the importance of health care, a widespread ailment had been persistently prevailing.
Rajani met with some of the well-off people of the apartment and decided to open a dispensary named "LOCAL Clinic" to provide cost-free medical assistance and to make them aware of hygienic living, physical fitness, and a balanced economic diet.
Many of the apartment members agreed to it.
She approached the health department of the town with her proposal, which was accepted, and an initial one-time grant of ₹2,00,000 was sanctioned immediately for the purchase of medical equipment and test kits for pathological tests.
Ten members of the apartment contributed ₹20,000 each as a lifetime subscription to the clinic.
Rajani decided to charge ₹10 as a one-time registration fee from patients.
Apart from the above, Rajani made the following transactions for the first year:

Rajni informed that during the first year 10,500 patients were registered for treatment and for other services.
Not for profit organization prepares
(i) Income and Expenditure account
(ii) Trading and Profit loss account
(iii) Receipt and Payment account
(iv) None of the above