Prepare Income & Expenditure Account from the following Receipts & Payments Account of the Delhi Nursing Society for the year ended 31st March, 2023:
Prepare Income & Expenditure Account from the following Receipts & Payments Account of the Delhi Nursing Society for the year ended 31st March, 2023:
Receipts & Payments Account for the year ended 31st March, 2023
Receipts | ₹ | Payments | ₹ |
To Balance b/d (Bank) To Subscriptions To Fees from Non-members To Municipal Grant To Donations for Building Fund To Interest |
20,100 11,150 2,700 10,000 15,600 380 |
By Salaries of Nurses By Board, Laundry and Domestic Help By Rent, Rates and Taxes By Cost of Car By Expenses of Car By Drugs and incidental Expenses By Balance c/d (Bank) |
6,560 3,800 2,000 20,000 8,400 6,700 12,470 |
 | 59,930 |  | 59,930 |
A donation of ₹ 1,000 received for Building Fund was wrongly included in the Subscriptions Account. A bill of medicines purchased during the year amounting to ₹ 1,280 was outstanding.