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