Creditors for stationery on January 1, 2006 2000 Advance paid for stationery carried forward from 2005 200 Amount paid for stationery during the year 2006 10800 Stock of stationery on 31st December 2006 500 Creditors for stationery for 2006 1300 Advance paid for stationery on 31st December 2006 300 Q. 9 The following is the summary of cash transactions for the year 2002. Dr. Cr. Receipts Rs. Payments Rs. To Balance b/d 6,000 By Salaries 6,200 To Entrance fees 5,200 By Additions to Library 13,500 To Subscriptions: By Payments to 2001 3,000 Creditors 1,300 2002 13,000 By repair 500 2003 1,000 By Electric fittings 9,000 17,000 By Printing & Stationery 1,900 To sale of furniture 1,200 By Misc. expenses 300 To Sale of old furniture 120 By Balance c/d 6,900 To Rent of library hall 2,080 To Proceeds from Entertainment (net) 6,000 To Special Subscription For Governor’s party 2,000 39,600 39,600 From the above Receipts and Payments Account prepare Income and Expenditure account. Q. 10 The following is the receipts and payments account of a charitable hospital for the year ended 31st March 2002: Receipts Rs. 000 Payments Rs. 000 To Balance b/f: By Medicines 1,500 Cash in hand 50 By Honorarium to doctors 500
Creditors for stationery on January 1, 2006 2000 Advance paid for stationery carried forward from 2005 200 Amount paid for stationery during the year 2006 10800 Stock of stationery on 31st December 2006 500 Creditors for stationery for 2006 1300 Advance paid for stationery on 31st December 2006 300 Q. 9 The following is the summary of cash transactions for the year 2002. Dr. Cr. Receipts Rs. Payments Rs. To Balance b/d To Entrance fees To Subscriptions: 2001 3,000 2002 13,000 2003 1,000 To sale of furniture To Sale of old furniture To Rent of library hall To Proceeds from Entertainment (net) To Special Subscription For Governor’s party 6,000 5,200 17,000 1,200 120 2,080 6,000 2,000 39,600 By Salaries By Additions to Library By Payments to Creditors By repair By Electric fittings By Printing & Stationery By Misc. expenses By Balance c/d 6,200 13,500 1,300 500 9,000 1,900 300 6,900 39,600 From the above Receipts and Payments Account prepare Income and Expenditure account. Q. 10 The following is the receipts and payments account of a charitable hospital for the year ended 31st March 2002: Receipts Rs. 000 Payments Rs. 000 To Balance b/f: Cash in hand 50 By Medicines By Honorarium to doctors 1,500 500
bcom_notes.docx