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.
Balance sheet as on 31/3/2017
Liabilities
Amount
Assets
Amount
Capital fund
Subscription for 2017-18
Outstanding office expenses
Bank loan
61000
1000
4000
20000
Building
Outstanding subscription
Outstanding rent
Furniture
Cash in hand
64000
1600
400
12000
8000
86000
86000
Receipt and payment a/c
Dr Cr
Receipts
Amount
Payments
Amount
To Balance b/d
To Subscription
2016-17
2017-18
2018-19
To Entrance fees
To Rent
To Income from drama
To Sale of newspaper
8000
1600
17600
2800
4000
4000
6000
400
By Office expenses
2016-17
2017-18
By Subscription to newspaper
By Refreshment expenses
By Investment
By Bank loan
By Salary
By Balance c/d
4000
6000
2000
4000
10000
8000
4400
6000
44400
44400
Adjustments
Subscription outstanding Rs.1000
Salary outstanding Rs.400
Interest payable Rs.2400
Depreciation on building Rs.5000
Entrance fees is to be capitalized.
Balance sheet