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Statement Showing Computation of Medicines Consumed during 2006-07 R Particulars Stock of medicines on 1 April 2006 Adel: Amount paid for medicines during 2006-07 2.500 Less Payment for Creditors 01 2005-06 6.500 500 Add: Advance payment of 2005-06 1.500 Add : Creditors for medicines of 2006-07 8.500 Less : Payment made in Advance for 2007-08 7.300 Less : Stock of medicines on 31 March 2007 6,500 illy Consumed (Preparation of Income & Expenditure Account and Balani Sheet) The following particulars relating to Sohail Cricket prepare Income and Expenditure Account for the year ending March, 2010 and Balance Sheet as at 31st March, 2010, 19 Dr. RECEIPTS AND PAYMENTS ACCOUNT for the year ending 31st March, 2010 Receipts Rs. Payments To Balance b/d 25,000 By Rent To General Donations 5,200 By 8% Investments (1.10.2009) To Interest on Investments 920 By Telephone Expenses To Donations for Building 71,000 By Furniture To Subscriptions 62,000 By Sports Materials To Sale of Old Newpaper & Magazines 300 By Salaries To Receipt from Yoga Classes 8,000 By Miscellaneous Expenditure To Entrance Fees 4,000 By Creditors for Sports Material To General Telephone Recoveries 1,200 By Stationery To Receipts from Entertainments 4,000 By Computer To Sale of Sports Material 1,890 By Advance for purchase of Building By Honorarium to Yoga Instructor By Balance c/d 1,83,510 Additional Information: Stock of stationery on 31st March, 2009 was Rs. 1,000 and on 31st March, 2010 STOC stationery was Rs. 850. 8% Investments on 31st March, 2009 stood at Rs.1.500 Investments of Rs. 24,000 were made on 1.10.2009 Subscriptions received during 2009-10 included Rs 600 for 2008-09 and Rs. 1.200 2010-11. The amount of subscription outstanding on 31.03.2010 was Rs 500. Salaries Rent unpaid on 31.3.2010 were Rs. 1,200 and Rs. 800 respectively. 25% of Entrance de was to be capitalised. Depreciation on Furniture and Computer was to be charged as p.a. There was no stock of sports material at the end and during the year there was credit purchases of sports material of 2009-10