Question

10. Dr. Bharathraj is practicing as doctor and runs a clinic. His trial
balance as on 31.3.2019 is as under:
Particulars
Dr. (Rs.) Cr. (Rs.)
Purchase of medicines
22,500
Expenses of clinic
6,400
Investment in shares
25,000
Refrigerator
12,000
Cash
8,900
Rent (for 11 months)
11,000
Compounder's salary (for 13 months) 26,000
Professional tax
2,400
Telephone charges
4,000
Miscellaneous expenses
3,200
Printing and stationery
1,700
Newspapers and periodicals
1,400
dividend on shares
2,200
Interest on fixed deposit
11,500
Bank interest
600
Professional fees received from patients
60,200
Capital
50,000
total 124500
Additional information :
(a) Rent of a month is outstanding.
(b) Compounder's salary for one month is paid in advance.
(c) Purchase of medicines Rs. 2,500 is yet to be paid.
(d) Closing stock of medicine is Rs. 2,000.
Prepare Income and Expenditure Account for the year ended
31.3.2019.​

Answer 1

Answer:

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