Prepare Income and Expenditure Account From the Following Receipts and Payments Account of Delhi Nursing Society For the Year Ended 31st March, 2019

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Prepare Income and Expenditure Account  from the following Receipts and Payments Account of Delhi Nursing Society for the year ended 31st March, 2019

Receipts And Payments Account

for the year ended 31st March, 2019

Receipts(Rs.)Payments (Rs.)
To Balance b/d 
(Cash at Bank)		2,01,000By Salaries of Nurses                   65,600
 1,11,500 38,000
 27,000 20,000
 1,00,000 2,00,000
 1,56,000 84,000
 3,800 67,000
  (Cash at Bank)1,24,700
 5,99,300 5,99,300



Book of Delhi Nursing Society
Income and Expenditure Account
for the year ended 31st March, 2019

Expenditure Amount (Rs.)
Income Amount (Rs.)
Salaries of Nurses65,600Subscriptions11,1500
Board, Laundry and Domestic Help38,000Less: Donation for Building(10000)1,01,500
Rent Rates and Taxes20,000Fees from Non-members27,000
Expenses of Car84,000Municipal Grant1,00,000
Drugs and Incidental Expenses67,000 Interest3,800
Add: Outstanding Expenses12,80079,800Deficit (Balancing Figure)55,100
 2,87,400 2,87,400

Chapter-1 Financial Statements of Not for Profit Organisations-TS Grewal



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