Arpitha Nursing Home, Mangalore was newly started on 1-04-2012. The following is the Receipts and Payments Account of Arpitha Nursing Home for the year ending 31.3.2013.
Receipts and Payments A/c for the year ending 31.03.2013
To Fees from patients
To Entrance fees
To Endowment fund
To Interest from bank
To Miscellaneous receipts
By Instruments and equipments
By Diet expenses
By Govt. Securities
By Office expenses
By purchase Of medicines
By closing balance: Cash
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%.
1. Income and expenditure account and 2. Balance sheet as on 31.03.2013.
|Income and Expenditure Account
for the year ending March 31, 2013
|Medicines Consumed||20,000||Add: Previous Advance||20,000|
|Office Expenses||70,000||Add: Current O/s||40,000||2,60,000|
|Add: Outstanding||10,000||80,000||Fees from Patients||50,000|
|Depreciation:||Interest from Bank||4,000|
|Instruments & Equipments||48,000||Miscellaneous Receipts||6,000|