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NPO MARCH 2015 BOARD PAPER SOLUTION

March 2015 Accounts HSC Board Paper Solution

Question Paper Reference Images

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Accountancy Board Paper March 2015 Page 8 Accountancy Board Paper March 2015 Page 9 Accountancy Board Paper March 2015 Page 10

Solution

Ans. In the books of Sevagiri Hospital, Satara
Income & Expenditure A/c for the year 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 Expenses 8600
To Depreciation on :
Building 20,000
Equipments 30,000 50,000
To Loss on Sale of furniture 10,000
By Deficit c/d
[Income over Expenditure]		 32100
219100 219100
Balance Sheet as on 31.03.2013
Liabilities Amount Rs. Amount Rs. Assets Amount Rs. Amount Rs.
Capital Fund: 10,00,000 Land & Building 800000
(+) Life Membership Fees 25000 (-) Depreciation 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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