Page 114 - VIRANSH COACHING CLASSES

17 : Following is the Balance Sheet and Receipts and Payments Account of Samarth Hospital,
Sawantwadi.
Prepare Income and Expenditure Account for the year ended 31 March 2018 and Balance
st
Sheet as on that date.
Balance Sheet as on 1 April 2017
st
Liabilities Amount Amount Assets Amount Amount
` ` ` `
Capital Fund 8,98,500 Cash in Hand 5,000
Outstanding Salary 15,000 Cash at Bank 25,000
Medicines bill Land & Building 7,00,000
Unpaid 9,000 Furniture 50,000

Outstanding sundry 1,500 Equipments 1,40,000
Expenses Outstanding 4,000
Subscription

9,24,000 9,24,000

Receipts & Payments Account
for the year ended 31 March 2018
st
Dr. Cr.
Receipts Amount Payments Amount
` `
To Balance b/d By Medicines (Included of 50,000
Cash in Hand 5,000 previous year bill)
Cash at Bank 25,000 By Purchase of Equipment 1,30,000

To Subscription (included 90,000 By Salaries (Inclusive of 52,000
` 4,000 received for previous year) Previous year)
To Sale of Furniture (Book value 20,000) 15,000 By Taxes 7,200
To Donations (Capital) 50,000 By Sundry Expenses 1,500
To Life Membership fees 30,000 (2016 - 17)
To Visit fees 55,000 By Balance c/d

Cash in Hand 8,300
Cash at Bank 21,000

2,70,000 2,70,000

105