Page 133 - VIRANSH COACHING CLASSES

Receipts and Payments Account for the year ended 31.03.2019
Dr. Cr.
Receipts Amount ` Payments Amount `
To Balance b/d 4,000 By Purchase of Drugs 2,00,000
To Subscription 2,22,000 (Includes 40,000 for 2017 - 18)
To Life Membership Fees 30,000 By Salary to Staff 85,000

To Hospital Receipts 5,10,400 By Honorarium to Doctors 4,00,000
(Revenue) By Repairs and Maintenance 18,000
By Furniture 45,000
By General Expenses 16,000
By Balance c/d 2,400

7,66,400 7,66,400
Adjustments :

1) On 31.03.2019 Stock of Drugs was valued at ` 22,000.
2) Depreciation on Building at 5 % p.a. and on Ambulance ` 30,000.
3) Life Membership Fees are to be capitalized.
(Ans. : Deficit ` 49,100, Balance Sheet Total ` 17,40,900)

Activity :
1. Visit any Mahila Bachat Gat and study the procedure of maintaing the accounts and write
a reprot on the same.
2. Visit any School/Junior College and study the Income & Expenditure A/c and Balance
Sheet.
3. Visit any Co-operative Housing Society and understand the procedure of Accounting.

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