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Illustration 52: You are given: (0) Income and Expenditure Account: (ii) Opening Balance Sheet: (ii) Closing Balance Sheet relating to the year 2013. 033 Income
Illustration 52: You are given: (0) Income and Expenditure Account: (ii) Opening Balance Sheet: (ii) Closing Balance Sheet relating to the year 2013. 033 Income and Expenditure Account (0) Dr. Expenditure Income Amount () Amount () Amount (+) 1,100 100 To Salaries Add: Outstanding By Subscriptions Medical Fees 800 1,400 1,200 Insurance Less: Prepaid 150 13 Medicines Surplus 137 600 263 2,200 2,200 (ii) Liabilities Capital Fund Outstanding Salary Opening Balance Sheet Amount) Assets 4,050 Medical Equipment 100 Furniture Cash Outstanding Subscriptions 4,150 Amount() 3,250 500 300 100 4,150 (iii) Closing Balance Sheet Liabilities Amount Amount (5) Assets Amount Amount() Capital Fund: Add: Surplus 4,050 263 3,250 500 Donations Outstanding Salary Medical Equipment Additions 4,313 550 Investments 100 Furniture Prepaid Insurance 50 Cash 5,013 3.750 500 500 13 250 5,013 Subscription Received in Advance
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