From the following particulars relating to R.M. Charitable Hospital, prepare (1) Receipts and Payments Account for the year ended Dec 31, 2008, and the Balance Sheet as on that date.
Income and Expenditure Account for the Year Ended Mar 31, 2008
|
Dr. |
Cr. | ||
|
Expenditure |
Rs |
Income |
Rs |
|
To Medica re”c 11SM |
S9.960 |
By Subccription |
1.1),000 |
|
To Honorarium to visiting Doctors |
24,000 |
By Donations |
19,000 |
|
To Salaries |
55,000 |
By Interest on Investment.110/ |
22,000 |
|
To Printing and Stationery |
2,200 |
||
|
To Electricity and Water |
950 |
By Income from Film |
|
|
To Rent |
12,000 |
Show proceeds 22,900 |
21,340 |
|
To Depreciation in Furniture and |
4,200 |
Less: Expenses 1,560 |
|
|
Fixtures |
|||
|
To Depreciation on Equipments |
6,500 |
||
|
To Surplus over Expenditure |
9,530 |
||
|
1,74340 |
1,74,340 |
|
Additional Information |
Dec 31, 2007 |
Dec 31, 2008 |
|
Subscriptions Due |
240 |
320 |
|
Subscriptions Received in Advance |
128 |
200 |
|
Electricity and Water Bills Unpaid |
184 |
230 |
|
Stock of Medicines |
15,640 |
19,500 |
|
Estimated Value of Equipment |
23,200 |
27,800 |
|
Furniture and Fixtures (Cost less Depreciation) |
42,000 |
37,800 |
|
Land |
— |
20,000 |
|
Interest Accrued on Investment in 11% |
— |
|
|
Debentures costing Rs 2,05,000 |
7,500 |
7,500 |
|
Cash in Hand |
680 |
320 |
|
Cash at Bank |
18,000 |
— |