March, 2008 and the Balance Sheet as on that date. Q.13 From the following particulars related to Anand Charitable Hospital, prepare an Income and Expenditure Account for the year ended 30th June, 08 and a Balance Sheet on that date. Receipts & Payments Account for the year 30.6.08 Dr. Cr. Receipts Rs. Payments Rs. Balance in hand on 1.7.07 7,130 Payments for Medicines 30,590 Subscriptions 48,000 Honorarium to Medical staff 9,000 Donations 14,500 Salaries to House Staff 27,500 Interest on Investment @ 7% 7,000 Petty Expenses 4 6 0 Proceeds from Annual Day 10,450 Equipment Purchase 15,000 Expenses for Annual Day 7 5 Closing Balance (30.6.08) 1 87,080 87,080 3,779 Additional information : On 30.6.07(Rs.) On 30.6.08 (Rs.) Subscription Receivable 2 4 2 8 0 0 Subscription Received in Advance 6 4 1 0 Stock of Medicines 0 8,810 Value of equipment 9,740 21,200 Buildings 31,600 40,000 Outstanding liability to Medicine suppliers 38,000 10,000 8,000
March, 2008 and the Balance Sheet as on that date. Q.13 From the following particulars related to Anand Charitable Hospital, prepare an Income and Expenditure Account for the year ended 30th June, 08 and a Balance Sheet on that date. Receipts & Payments Account for the year 30.6.08 Dr. Cr. Receipts Rs. Payments Rs. Balance in hand on 1.7.07 Subscriptions Donations Interest on Investment @ 7% Proceeds from Annual Day 7,130 48,000 14,500 7,000 10,450 Payments for Medicines Honorarium to Medical staff Salaries to House Staff Petty Expenses Equipment Purchase Expenses for Annual Day Closing Balance (30.6.08) 30,590 9,000 27,500 4 6 0 15,000 7 5 1 3,779 87,080 87,080 Additional information : On 30.6.07(Rs.) On 30.6.08 (Rs.) Subscription Receivable Subscription Received in Advance Stock of Medicines Value of equipment Buildings Outstanding liability to Medicine suppliers 2 4 0 6 4 8,810 21,200 40,000 10,000 2 8 0 1 0 0 9,740 31,600 38,000 8,000
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