By Salary
By Instruments and equipments
By Diet expenses
By Govt. Securities
By Office expenses
By furniture
By purchase Of medicines
By closing balance: Cash
Bank
Adjustments:
a. Offices expenses O/S Rs. 10,000.
b. Subscriptions received in advance Rs. 20,000.
c. Donations are to be capitalized.
d. O/S subscriptions Rs. 40,000.
e. Stock of medicines as on 31-03-2013 Rs. 4,000.
f. Depreciate instruments and equipments by 20% and furniture by 10%.
Prepare:
1. Income and expenditure account and 2. Balance sheet as on 31.03.2013.
Receipts and Payments A/c for the year ending 31.03.2013
To Fees from patients
To Entrance fees
To Subscriptions
To Endowment fund
To Interest from bank
To Miscellaneous receipts
50,000
40,000
2,00,000
20,00,000
4,000
6,000
By Instruments and equipments
By Diet expenses
By Govt. Securities
By Office expenses
By furniture
By purchase Of medicines
By closing balance: Cash
Bank
2,40,000
36,000
20,00,000
70,000
1,20,000
24,000
10,000
1,00,000
a. Offices expenses O/S Rs. 10,000.
b. Subscriptions received in advance Rs. 20,000.
c. Donations are to be capitalized.
d. O/S subscriptions Rs. 40,000.
e. Stock of medicines as on 31-03-2013 Rs. 4,000.
f. Depreciate instruments and equipments by 20% and furniture by 10%.
Prepare:
1. Income and expenditure account and 2. Balance sheet as on 31.03.2013.
subscription,special donation,legacies,honorarium.