From the given information of a hospital, calculate the amount of medicines consumed during the year 2018 ~ 19 Particulars Amount (Rs.) Payment for purchase of medicines 5,10,000 Creditors for medicines purchased : Â On 1.4.2018 34,000 On 31.3.2019 29,000 Stock of Medicines : Â On 1.4.2018 86,000 On 31.3.2019 39,000 Advance to suppliers of … Read more
From the following information of a charitable dispensary, calculate the amount of medicines consumed during the year that would appear in the Income and Expenditure Account for the year ending 31st March, 2019: Particulars Amount Rs. Stock of medicines on 1.4.2018 60,000 Creditors for medicines 1.4.2018 40,000 Stock of medicines 31.3.2019 10,000 Creditors for medicines … Read more
From the following information, calculate the amount to be charged to Income and Expenditure Account for ‘Sports material consumed’ for the year 2019-20. Particulars Amount (Rs.) Stock of Sports material (01-04-2019) 60000 Amount paid to creditors (during 2019-20) 3,00,000 Creditors for Sports Materials (01-04-2019) 1,00,000 Creditors for Sports Materials (31-03-2020) 80000 Sports Material sold During … Read more
From the following information, calculate the amount of sports material to be debited to ‘Income and Expenditure Account’ of a sports club for the year ending 31st March, 2019:  Rs. Stock of Sports Material on 1st April, 2018 10,000 Stock of Sports Material on 31st March, 2019 7,500 Creditors for Sports Material on 1st … Read more
How the following items for the year ended 31st March, 2018 will be presented in the financial statements of Aisko Club: Particulars Debit Amount (Rs. ) Credit Amount (Rs. ) Tournament Fund – 1,50,000 Tournament Fund Investments 1,50,000 – Income from Tournament Fund Investments – 18,000 Tournament Expenses 12,000 – Additional Information: Interest Accrued on … Read more
Present the following items in the Balance Sheet of Queen’s Club as at 31st March, 2019: Capital Fund (1st April, 2018) Rs. 10,80,000 Building Fund (1st April, 2018) Rs. 4,80,000 Donation received for Building Rs. 6,00,000 10% Building Fund Investments (1st April, 2018) Rs. 4,80,000 Interest received on Building Fund Investments Rs. 48,000 Expenditure on … Read more
How will the following information of Royal Sports Club be presented in the Income and Expenditure Account for the year ended 31st March, 2019 and its Balance Sheet as on that date? Particulars Amount Rs. Tournament Fund as on 1st April, 2018 5,00,000 Tournament expenses incurred during the year 8,00,000 Donations for Tournament Fund received … Read more
How will the following items be presented in the ‘Income and Expenditure Account’ of a club for the year ending 31st March, 2019 and the Balance Sheet as on that date?  Rs. Tournament Fund on 1st April, 2018 3,00,000 10% Tournament Fund Investments on 1st April, 2018 3,00,000 Interest received on Tournament Fund Investments … Read more
