RECEIPTS AND PAYMENTS ACCOUNT (AN EXTRACT) |
||||
Dr. |
|
Cr. | ||
Receipts | ₹ |
Payments |
₹ | |
|
By Payments for Medicines | 1,50,000 | ||
|
|
As at 1st April, 2018 (₹) |
As at 31st March, 2019 (₹) |
|
Stock of Medicines | 50,000 | 75,000 |
Creditors for Medicines | 40,000 | 60,000 |
Income and Expenditure Account for the year ended March 31, 2019 |
||||||
Dr. |
|
Cr. |
||||
Expenditure |
Amount (₹) |
Income |
Amount (₹) |
|||
Medicine |
1,50,000 |
|
|
|
||
Add: Opening Stock |
50,000 |
|
|
|
||
Less: Closing Stock |
(75,000) |
|
|
|
||
Less: Creditors in the beginning |
(40,000) |
|
|
|
||
Add: Creditors at the end |
60,000 |
1,45,000 |
|
|
||
|
|
|
|
|||
Balance Sheet as on March 31, 2018 |
|||
Liabilities |
Amount (₹) |
Assets |
Amount (₹) |
Creditors for Medicines |
40,000 |
Stock of Medicines |
50,000 |
|
|
|
|
Balance Sheet as on March 31, 2019 |
|||
Liabilities |
Amount (₹) |
Assets |
Amount (₹) |
Creditors for Medicines |
60,000 |
Stock of Medicines |
75,000 |
|
|
|
|