1.

From the following particulars relating to the Ramakrishna Mission Charitable Hospital , prepare Income and Expenditure Account for the year ended 31st March, 2018 and Balance Sheet as at that date. RECEIPTS AND PAYMENTS ACCOUNT for the year ended 31st March, 2018 Dr. Cr. Receipts ₹ Payments ₹ To Cash in Hand on 1st April, 2017 To Subscriptions To Donations To Interest on Investment 7% for full year To Proceeds from Charity Show ​ 71,300 4,79,960 1,45,000 70,000 1,04,500 By Medicines By Doctor's Honorarium By Salaries By Petty Expenses By Equipments By Expenses on Charity Show By Cash in Hand on 31st March, 2018 3,05,900 90,000 2,75,000 4,610 1,50,000 7,500 37,750 ​ 8,70,760 8,70,760 Additional Information: As at 1st April, 2017 (₹) As at 31st March, 2018 (₹) Subscriptions Due 2,400 2,800 Subscriptions Received 640 1,000 Stock of Medicines 88,100 97,400 Estimated value of Equipments 2,12,000 3,16,000 Building (cost less depreciation) 4,00,000 3,80,000 ​​

Answer» From the following particulars relating to the Ramakrishna Mission Charitable Hospital , prepare Income and Expenditure Account for the year ended 31st March, 2018 and Balance Sheet as at that date.
















































RECEIPTS AND PAYMENTS ACCOUNT for the year ended 31st March, 2018



Dr.





Cr.


Receipts





Payments





To Cash in Hand on 1st April, 2017

To Subscriptions

To Donations

To Interest on Investment

7% for full year


To Proceeds from Charity Show



71,300

4,79,960

1,45,000



70,000

1,04,500



By Medicines

By Doctor's Honorarium

By Salaries

By Petty Expenses

By Equipments

By Expenses on Charity Show

By Cash in Hand on 31st March, 2018



3,05,900

90,000

2,75,000

4,610

1,50,000

7,500

37,750











8,70,760





8,70,760













Additional Information:

































As at 1st April, 2017

(₹)
As at 31st March, 2018 (₹)
Subscriptions Due 2,400 2,800
Subscriptions Received 640 1,000
Stock of Medicines 88,100 97,400
Estimated value of Equipments 2,12,000 3,16,000
Building (cost less depreciation) 4,00,000 3,80,000





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