113400 Furniture purchases Salaries Instruments purchased Diet expenses Surgery

113400 Furniture purchases
Salaries
Instruments purchased
Diet expenses
Surgery & dispensary
Rent & rates
Insurance
Office expenses
Miscellaneous expenses
Closing Balance
Bank
Cash
Government Securities 50
11500
250
1000
500
250
100
350
50
9000
350
90000
113400
You are required to prepare the Income and Expenditure Account for the year and the Balance Sheet as on 31st December 2009. The other assets on 1st January 2009 were: furniture Rs.1000; land Rs.25000; building Rs.75000; instruments Rs.1750. Write off depreciation at 2-1/2% on building 6% on furniture and 20% on instruments (including new). The government securities of the face value of Rs.100000 (cost Rs.90000) represent investment of the endowment fund. The subscriptions received include Rs.5000 for 2008 but Rs.3500 is outstanding for 2009. Salaries paid include Rs.500 for 2008 but Rs.750 is payable for 2009. Interest received includes Rs.1000 for 2008 but Rs.1150 is outstanding for 2009.