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19 : From the following Particulars relating to Sushma Memorial Hospital, Jalgaon, Prepare
Income and Expenditure Account for the year ended 31 March 2020 and Balance Sheet
st
as on that date.
Receipts & Payments Account
for the year ended 31 March 2020
st
Dr. Cr.
Receipts Amount Payments Amount
` `
To Balance b/d 12,000 By Furniture 27,000
To Subscription 1,03,000 By Medicines 7,000
To Entrances fees (Revenue) 1,700 By Honorarium to Doctors 80,000
To Life membership fees 18,000 By Salary to staff 15,000
(Revenue) By General Expenses 8,000
To Sale of Old News Papers 500 By Surgical Instruments 60,000
To Donations for Building fund 1,50,000 By Fixed Deposit 80,000
(31-3-2020)
By Balance c/d 5,500
2,82,500 2,82,500
Additional Information :
1)
Particulars 1/4/2019 ` 31/3/2020 `
Outstanding Subscription 9,000 10,000
Subscription received in advance 8,000 6,000
Building 13,00,000 13,00,000
Investment 2,00,000 2,00,000
Capital Fund 10,13,000 ?
Building Fund 5,00,000 ?
Solution :
In the Books of Sushma Memorial Hospital, Jalgaon.
Income and Expenditure Account
st
for the year ended 31 March 2020
Dr. Cr.
Expenditure Amount Amount Income Amount Amount
` ` ` `
To Medicines 7,000 By Subscription 1.03.300
To Honorarium to 80,000 (Workinh Note)
Doctors By Entrance fees 1.700

To Salary to Staff 15,000 By Life Membership fees 18,000
To General Expenses 8,000 By Sale of old News 500
To Surplus 13,500 Papers
(Excess of Income
over Expenditure)
1,23,500 1,23,500

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