(Accounts of a Charitable Hospital) From the following particulars relating to "Radha-Krishna Charitable Hospital" Pune. Prepare Income and Expenditure Account for the year ending 31.03.2020 and Balance Sheet as on that date.

6. From the following particulars relating to "Radha-Krishna Charitable Hospital" Pune. Prepare Income and Expenditure Account for the year ending 31.03.2020 and Balance Sheet as on that date.

Receipts and Payments Account for the year ending 31.03.2020.

Dr.                                                                                                                                   Cr.

Receipts	Amt ₹	Amt ₹	Payments	Amt ₹	Amt ₹
To Balance c/d			By Medicines Purchased		41,000
cash		8,230	By General Expenses		1,050
To Subscriptions		52,000	By Salaries		23,500
To Donations (General)		17,500	By Stationery		2,000
To Interest in Investments		10,000	By Expenses on Charity Show		550
To Proceeds from Charity Show		8,530	By Surgery and Dispensary Exp.		4,200
			By Equipment		10,000
		96,260	By Balance c/d
			Cash in Hand	960
			Cash at bank	13,000	13,960
		96,260			96,260

Additional Information:

Particulars	01.04.2019 ₹	31.03.2020 ₹
Subscription Due	310	350
Subscription Received in Advance	600	150
Stock of Medicines	8,000	11,000
Estimated Value of Equipment	15,000	?
Building	40,000	?
Capital Fund	1,70,940	?
10% Investment	1,00,000	?

Provide Depreciation on Equipment ₹ 1,900 and on Building₹ 1,500

Solution: /span>

In the Books of "Rdha-Krishna Charitable Hospital"

Income and Expenditure Account for he year 31.03.2020

Dr.                                                                                                                                             Cr.

Expenditure	Amount	Amount	Income	Amount	Amount
To Medicine year consumed during purchase	41,000		By Subscription  (+) Outstanding Sub. (CY)  (-) Outstanding Sub. (LY)	52,000  350  310
(+) Opening Stock	8,000		(+) Prepaid Sub. (CY)	600
(-) Closing Stock	11,000	38,000	(-) Prepaid Sub. (LY)	150	52,490
To General Expense		1,050	By Donation		17,500
To salaries		23,500	By Interest on Investments		10,000
To stationery		2,000	By Proceed from charity show		8,530
To Surgery and Dispensary exp		550
To Depreciation on		4,200
Equipment	1,500
Building	1,900	3,400
To Surplus		15,820
		87,620			87,620

Explanation:

01.04.2019 is the Opening date And 31.03.2020 is the closing date

Depreciation on Equipment and Building 

In the Receipts and payment Account Equipment is 10,000 and in Additional information is 15,000. the 10,000 ₹ equipment is the new equipment purchased during the year and in additional information equipment is last years.