OMTEX CLASSES: NPO MARCH 2015 BOARD PAPER SOLUTION

NPO MARCH 2015 BOARD PAPER SOLUTION

Ans. In the books of Sevagiri Hospital, Satara
Income & Expenditure A/c for the yearr ended 31.03.2013

Expenditure
Amount Rs.
Amount Rs.
Income
Amount Rs.
Amount Rs.
To Salaries
110000

By Subscription
130000

(-) Outstanding of last year
22000

(-) Outstanding of last year
2000


88000


128000

(+) Outstanding of current year
12000
100000
(+) OUtstanding of Current year
15000
143000
To Medicines
48000

By Donations

44000
To Taxes
3000




(-) Prepaid Tax
500
2500



To General Expxenses

8600



To Depreciationn on :





Building
20,000




Equipments
30,000
50,000



Too Los on Sale of furniture

10,000












By Deficit c/d

[ Incoome over Expenditure]

32100








219100


219100


Balance Sheet as on 311.03.2013


Liailities
Amount Rs.
Amount Rs.
Assets
Amount Rs.
Amount Rs.
Capiital Fund:
10,00,000

Land & Building
800000

(+) Life Membership Fees
25000

(-) Depreciationo
20,000
7,80,000
(-) Deficit
32,100
9,92,900
Furniture
70,000

Outstanding Salaries

12000
(-) Furniture Sold
30000
40000
Outstanding Medical Bill

6000
Equipments
120000




(+) Equipments Purchased
20,000





140000




(-) Depreciation
30,000
110000



Outstanding Subscription
15,000




Prepaid Taxes

500



Cash in Hand

15,400



Cash at Bank

50,000








10,10,900


10,10,900

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