Q. From the following particulars relating to the Bombay Medical Aids Society , Prepare Income and Expenditure Account for the Year ended 31st March, 2017 and Balance Sheet as at that date:
Receipts and Payment Account for the year ended 31st March, 2017
Receipts | Rs. | Payments | Rs. |
To Balance b/d To Subscriptions To Donations To Interest on Investment @9% p.a. To Charity show collection |
8,000 50,000 15,000 9,000 12,500 |
By Medicines By Doctor's Honorarium By Salaries By Sundry expenses By purchase of equipment By Charity show expenses By balance c/d |
34,000 10,000 28,000 1,000 15,000 1,500 5,000 |
94,500 | 94,500 |
Other information :
Information | 1.04.2016 | 31.03.2017 |
Subscription Due Subscription received in advance Stock of Medicines Value of Equipment Value of Building |
1,500 1,200 10,000 21,000 50,000 |
2,200 700 15,000 30,000 48,000 |
Do you think that society is promoting any value ?