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30

INTERMEDIATE (IPC) EXAMINATION: MAY, 2016

By Balance c/d

2,52,200

(Bal.fig.)
12,29,800
10.

12,29,800

Income and Expenditure Account

for the year ended 31 st March, 2015

`
To Medicines consumed
Purchases

1,22,500

`
By Prescription fees

3,30,000

By Visiting fees

1,25,000

Less: Closing Stock (47,500)

To Motor car expense (60,000 x 2/3)

75,000 By Fees from lectures

40,000

To Salaries (` 52,500 ` 15,000)

To Rent for clinic

37,500

To General charges
To Interest on loan

24,500
18,000

12,000

30,000

To Excess of Income over expenditure

2,42,000

______

4,67,000

4,67,000

Capital Account
for the year ended 31 st March, 2015

`
To Drawings:
Motor car expenses
Household expenses

20,000
90,000

Marriage expenses
To Salary of domestic
servants

1,07,500
15,000

To Household furniture
To Balance c/d

12,500
2,47,000

`
By Cash/bank

1,00,000

By Cash/bank (pension)
By Net income from practice

1,50,000
2,42,000

(derived from income

and expenditure a/c)

4,92,000
Liabilities

Balance Sheet as on 31 st March, 2015

` Assets

4,92,000

Capital

2,47,000 Motor car

1,60,000

Loan

1,50,000 Surgical equipment

1,25,000

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