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SIONI ILLUSTRATION 12 From the following statement compute the income from professional De S.K. Kape accounts are maintained on mercantile system By Visiting fees Consultation fees Sales of medicines Dividends 2 To Dispensary rent 36.000 Eletricity and water charges 6,000 Telephone expenses 6.000 Salary to nurse and compounder 36.000 Dep on surgical equipment 6,000 Purchase of medicines 36,000 Depreciation on X-ray Machine 4.000 Income Tax 5.500 Donation to Rama Krishna Mission 4.000 Motor Car expenses 9,600 Dep on Car 4.800 Net Income 93.100 2.47.000 Notes Electricity and water charges include domestic bill of 2.500 2 Half of motor car expenses are for professional ine Telephone expenses include 40% for personal use. medicines 6.000 and closing nek watt 4 000Step by Step Solution
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